Which of the Following Was True of Agriculture in the Colonies

question 40

Multiple Choice

Which of the following was true of agriculture in the colonies during the eighteenth century?

• A) It was in decline in the backcountry as compared to coastal areas.
• B) Because New York's landlords had taken over so much land,agriculture grew more slowly in New York than in other colonies.
• C) New England moved away from smaller farming and increasingly toward large-scale farms and plantations.
• D) The standard of living on farms was far lower than it was in Europe.
• E) Farmers in the Middle Colonies had no interest in the market.

Recognize the enforceability of exculpatory clauses and noncompete agreements and their limitations.

Identify the conditions under which contracts can be disaffirmed by minors.

Comprehend the effects of contracts involving illegal activities or purposes.

Distinguish between different types of contracts and their voidability by minors.

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Definitions:

General Electric

A multinational conglomerate corporation operating in sectors like aviation, power, healthcare, and renewables, among others.

Plant Size

The scale or capacity of a factory or production facility, often measured in terms of productive capability or physical dimensions.

Diseconomies of Scale

An economic concept where increasing production results in higher per unit costs.

Long-run Average Total Cost

The average cost per unit of output over the long term, where all inputs are considered variable, allowing firms to adjust all factors of production.