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Author Question: Mr. Calhoun owned land on which cotton could be grown, but which he had been unable to rent for ... (Read 31 times)

mwit1967

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on: Jun 30, 2018
Mr. Calhoun owned land on which cotton could be grown, but which he had been unable to rent for years. Suddenly he was getting offers from cotton farmers to lease his land. Which of the following best explains this change in circumstances?
 a. The price of cotton decreased.
 b. The price of cotton increased.
 c. The productivity of the land increased.
  d. Property taxes on the land increased.

Question 2

State one implication of the principle of division of labor.


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Anonymous

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

The principle of the division of labor explains how productivity of a group can increase as its members become specialized. However, to be successful, the group's members must coordinate their activities and their investments in capital goods.


mwit1967

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Reply #2 on: Jun 30, 2018
Correct answers!


Anonymous

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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