According to Habakkuk (1962), the high price of western lands before the Homestead Act (1862) kept workmen in the eastern manufacturing cities and thus slowed down the rate of adoption of labor-saving technology.
Indicate whether the statement is true or false
Question 2
The term sovereign debt crisis applies when ________.
A) private businesses cannot borrow money because the government is borrowing so much
B) nations compete fiercely with each other to increase their borrowing
C) a government finds that the cost of borrowing is higher than it had anticipated
D) the debt of a particular government quickly loses value
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