In defining the ____ from the railroad industry, economic ...

[moongchi]

In defining the ____ from the railroad industry, economic historians measure the extra real GNP that can be attributed to this innovation.
 a. profits
  b. social savings
  c. wage income
  d. balance of trade

Question 2

The greatest advantage of the railroad over earlier forms of transportation was its speed and its ability to stay open throughout most of the winter. Robert Fogel attempted to measure the advantage of faster all-weather transport by examining:
 a. profits in transportation industries as a group.
  b. profits in railroads compared with canals.
  c. employment of labor and capital in the transportation sector before and after the railroad.
  d. inventories of agricultural products held in eastern markets.

[yahahah24021]

Answer to Question 1

d. social savings

Answer to Question 2

d. inventories of agricultural products held in eastern markets.

[moongchi]

Thanks for the timely response, appreciate it

[31809pancho]

YES! Correct, THANKS for helping me on my review