Railroads had advantages over canals in all respects except
(a) year-around service.
(b) speed of delivery.
(c) full access to shipping points.
(d) there is no "except"; all of the above were advantages of railroads.
(d)
Economics
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When the United States exports a good, the amount of the ________ in U.S. consumer surplus is ________ the amount of the ________ in U.S. producer surplus
A) increase; smaller than; increase B) increase; larger than; decrease C) decrease; smaller than; increase D) decrease; equal to; decrease
Economics
At one time, policy makers interpreted the Phillips curve as offering a menu of inflation-unemployment choices. Today, the curve is no longer viewed this way. Why has the interpretation changed?
Economics