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Author Question: Robert Fogel's upper bound estimate of the social savings from the railroad industry came to about ... (Read 53 times)

erika

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on: Jun 30, 2018
Robert Fogel's upper bound estimate of the social savings from the railroad industry came to about ____ of the GNP in 1890
 a. 7
  b. 15
  c. 20
  d. 120

Question 2

Fogel argued that railroads were more cost effective than canals because railroads were faster and were in service all year and that using rail instead of canals would ____.
 a. lower freight rates on the railroads
  b. lower government subsidies for railroads
  c. lower eastern inventories of grain in the
  d. reduce the wheat being shipped to Europe


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Carliemb17

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

a. 7

Answer to Question 2

c. lower eastern inventories of grain in the East


erika

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Reply 2 on: Jun 30, 2018
Gracias!

blakcmamba

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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