Martin's research (1971) supports the claim that the Interstate Commerce Commission (ICC) was a federal regulatory agency, The ICC was designed to capture market gains for the consumers of railroad services as well as for the railroad
industrialists. Indicate whether the statement is true or false
Question 2
Easterlin (1968, 1987) argues that as the relative price of children rises,
(a) the average household demands fewer of them.
(b) society, at large, demands fewer of them.
(c) society, at large, demands more of them.
(d) nothing happens since the demand for children is not influenced by price.
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