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Author Question: Quantitative evidence from Fishlow, Fogel and Mercer indicates that a. antebellum railroads were ... (Read 139 times)

big1devin

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on: Jun 30, 2018
Quantitative evidence from Fishlow, Fogel and Mercer indicates that
 a. antebellum railroads were built ahead of demand, but post-bellum transcontinentals were not.
  b. post-bellum transcontinentals were built ahead of demand, but antebellum railroads were not.
  c. both antebellum railroads and post-bellum railroads were built ahead of demand.
  d. antebellum railroads were not built ahead of demand, but the evidence on post-bellum railroads is mixed.

Question 2

Albert Fishlow argued that if the railroads were built ahead of demand we would observe initial profit rates that were ______ and initial population densities near railroads that were _______.
 a. low; high.
  b. high; low.
  c. low; low.
  d. high; high.


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Juro

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

b. post-bellum transcontinentals were built ahead of demand, but antebellum railroads were not.

Answer to Question 2

c. low; low.


big1devin

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

scikid

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Reply 3 on: Yesterday
Excellent

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