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Agents and brokers do not carry title to products.
a) true
b) false

1 Answer

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Final answer:

Agents and brokers do not carry the title to products which is true, proprietors in a proprietary colony had governance responsibilities so the statement is false, the market revolution led to significant social and economic changes which is true, and sharecroppers did pay rent with a portion of their crops which is also true.

Step-by-step explanation:

To answer the first question: Agents and brokers do not carry title to products. This statement is true. Agents and brokers facilitate transactions between buyers and sellers and earn commission for their services, but they do not actually own the products they sell; hence, they don't carry the title.

Regarding the second question pertaining to a proprietary colony, the statement that Proprietors have no responsibilities except to collect the profits is false. In a proprietary colony, proprietors did indeed collect profits from the colony, but they also had responsibilities such as governing the colony, maintaining order, and upholding the colony's charter.

In reference to the market revolution, the statement that it brought many social and economic changes to the United States is true. The market revolution, which occurred in the 19th century, significantly altered the economy by introducing mass production, advanced transportation, and changed the way business was done.

Lastly, the statement that sharecroppers were tenant farmers who paid their rent with shares of their crops is also true. Sharecropping was a system where the tenant farmers would give a portion of their crop yield to the landowner as rent for the use of the land.

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