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Author Question: The U.S. experience with the rise and fall of its railroad industry illustrates that central ... (Read 65 times)

123654777

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on: Jun 30, 2018
The U.S. experience with the rise and fall of its railroad industry illustrates that central planners are less likely than private investors to allocate investment funds into wealth-creating projects.
 
  Indicate whether the statement is true or false

Question 2

Which of the following statements is supported by the research of economic historians?
 
  (a) Canals and railroads were built with a mixture of private and public enterprise and
  financing.
  (b) Canals and railroads were built largely without U.S. government participation.
  (c) Canals were built with public assistance, but railroads were built with almost no
  government assistance.
  (d) Railroads were built with public assistance, but canals were built by private enterprise.


guyanai

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

(a)


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