The U.S. used high-pressure steam engines, whereas the British ...

[V@ndy87]

The U.S. used high-pressure steam engines, whereas the British favored low-pressure engines. The reason for the American preference for high-pressure steam engines was that
 
  (a) low-pressure steam engines, though more efficient, were complicated to build and operate and America lacked skilled labor compared to England.
  (b) the high-pressure steam engines used extravagant amounts of wood fuel. The U.S. abundance
  of wood compared to Europe made building high-pressure steam engines cheaper in the U.S.
  (c) Americans simply lagged behind technologically compared to England and continued to use the outdated high-pressure steam engines.
  (d) England had patents on the superior low-pressure steam engine and would not allow other nations to use the technology.

Question 2

Monetarists are in favor of
 
  a. inflation targeting.
  b. interest rate targeting.
  c. output targeting.
  d. nominal income targeting.
  e. money growth targeting.

[vish98]

Answer to Question 1

(b)

Answer to Question 2

E

[V@ndy87]

TYSM

[lindahyatt42]

Excellent