Modern work in economic history by people like Robert Fogel (1964) and Albert Fishlow (1965) shows
(a) that railroads were the indispensable key to rapid economic growth in the 19th century.
(b) that the levels of Gross National Product (GNP) reached in 1890 would have been reached
in 1880 had it not been for reckless railroad speculation.
(c) that less than 5 of the country's late 19th-century economic growth was attributable to railroads.
(d) none of the above.
Question 2
The premium on a college education increases when
(a) the market demand for knowledge and skilled workers decreases, and all else is held constant.
(b) the market supply of knowledge and skilled workers increases, and all else is held constant.
(c) the growth in the demand for knowledge and skilled workers outpaces the growth in supply.
(d) the growth in the supply of knowledge and skilled workers outpaces the growth in demand.
History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar
People in poor, urban areas often find themselves in “food deserts"
economic
economic question
economic question
economic question