What was the typical policy of the British colonies toward the practice of squatting or freely settling and cultivating the land without any formal transfer of ownership?
(a) Squatting was encouraged by colonial officials as a way to encourage settlement of the land.
(b) Squatting was discouraged by colonial officials because of the legal ownership of land by the Indians.
(c) Squatting was generally discouraged by colonial officials; formal transfer of ownership to
settlers was required because the British Crown and their designated officials claimed
ownership to the land.
(d) There was no general policy toward the practice of squatting; it was left to the individual settlers.
Question 2
An increase in the saving rate results in a higher steady state ________.
A) growth rate of capital
B) growth rate of output per worker
C) level of consumption per worker
D) level of capital per worker