Author Question: According to Douglass North's market opportunity response model, surges in land sales in the Old ... (Read 54 times)

CBme · **on:** Jun 30, 2018

According to Douglass North's market opportunity response model, surges in land sales in the Old Northwest in the 1810s, 1830s and 1850s were due to
a. improved transportation between the Old Northwest and the Northeast.
b. rising prices for corn and wheat.
c. the growth of manufacturing in the Great Lakes region.
d. large reductions in property tax rates.

Question 2

In the year after the stock market crash of 1929, stock prices on average ___.
a. were lower than they had been in decades
b. were lower than in 1929 but higher than in the mid-1920s
c. rebounded to a level higher than in 1929
d. cannot be reliably calculated because no buyers could be found for many stocks, and hence no prices were reported

mrphibs · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

b. rising prices for corn and wheat.

Answer to Question 2

b. were lower than in 1929 but higher than in the mid-1920s.