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Quantitative Evidence on Federal Land Policy Has Led Current Economic

Question 24

Multiple Choice

Quantitative evidence on federal land policy has led current economic historians to conclude that


A) the policy was inefficient and reduced total output.
B) the policy was largely inefficient, with evidence of increased output only found on large farms.
C) the Homestead Act allowed western farmers to enjoy rising agricultural prices for most of the post-bellum period.
D) average rates of return on western agricultural investments were comparable to those in manufacturing.

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