Explain How Artists Such as Thomas Cole and Asher Durand

question 10

Essay

Explain how artists such as Thomas Cole and Asher Durand portrayed America at the beginning of the nineteenth century.

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Definitions:

Pure Exchange Economy

An economic model where all agents are consumers, and the only economic activities are the consumption and exchange of goods, with no production.

Numeraire

A standard unit of account in which prices and values are expressed; it serves as a measure for comparing the worth of goods or services.

Endowed

Provided with a quality, ability, or asset.

Perfect Substitutes

Goods that can be used in place of each other with no loss of utility by the consumer.