Quiz 2.3 Land and Homesteading

Question 1

The method of Metes and Bounds was used to subdivide land by:

Answer 1

Using compass points and physical features

Question 2

Nowadays, the minimum efficient scale for farming is large (meaning it’s more efficient to farm on larger scales).

Answer 2

True

Question 3

Which U.S. president has dedicated the most land area to National monuments?

Answer 3

Obama

Question 4

The purchase of an asset with the hope that its value will quickly increase is:

Answer 4

Speculation

Question 5

Panicked investors rushing to withdraw money because they believe a bank may become insolvent is known as a “Bank Run”.

Answer 5

True