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Author Question: Which was a common sociopolitical/economic feature of Colonial America? a. Difficulty in the ... (Read 118 times)

genevieve1028

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on: Jun 30, 2018
Which was a common sociopolitical/economic feature of Colonial America?
 a. Difficulty in the expansion of agriculture
  b. Commercial production of finished metal parts for locomotion
 c. Significant improvement of infrastructure, especially roads
  d. None of the above is correct.

Question 2

If a series of severe storms in the Atlantic Ocean drastically significantly disrupted the transatlantic slave trade, which would most accurately describe the market for indentured servants in colonial America?
 a. The price and quantity of servants would increase.
  b. The price and quantity of servants would decrease.
  c. The price of servants would increase and the quantity of servants would decrease.
  d. The price of servants would decrease and the quantity of servants would increase.


akemokai

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

d. None of the above is correct.

Answer to Question 2

a. The price and quantity of servants would increase. The storm would decrease the supply of slaves, thus increasing their price. Servants and slaves are substitutes. The demand for servants would increase, thus increasing both the price and quantity of servants.


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