The growth of total railroad mileage
(a) was far greater after the Civil War than before.
(b) was maximized in miles built per decade before 1860.
(c) was a free-market phenomenon, not subject to government subsidies.
(d) was not subject to business cycle fluctuations.
(a)
Economics
You might also like to view...
Suppose the exchange rate for the U.S. dollar falls. This could be caused by
A) a decrease in U.S. import demand. B) an increase in the world demand for U.S. exports. C) an increase in the U.S. interest rate differential. D) a fall in the expected future exchange rate.
Economics
Refer to Table 2-7. What is Minnie's opportunity cost of making a hat?
A) 1/5 of an umbrella B) 1/4 of an umbrella C) 4 umbrellas D) 10 umbrellas
Economics