Quantitative evidence from Fishlow, Fogel and Mercer indicates ...

[big1devin]

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.

[Juro]

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]

Excellent

[gcook]

Thanks for the timely response, appreciate it