Data on miles of main line track in operation between 1860 and 1910 show that:
a. total mileage first increased and then decreased, causing the growth rate to eventually become negative.
b. total mileage and the growth rate both increased steadily.
c. total mileage increased steadily, but the growth rate tapered off.
d. total mileage increased at a constant pace, resulting in a nearly constant growth rate.
c. total mileage increased steadily, but the growth rate tapered off.
You might also like to view...
The above figure shows the Lorenz curves for four different countries. In which country is income most equally distributed?
A) country A B) country B C) country C D) country D
What is the ceteris paribus condition?
What will be an ideal response?
In constructing a production possibilities curve, all of the following are assumed EXCEPT
A) resources are fully employed. B) the quantity and quality of resources being used is fixed. C) the state of technology is improving. D) the time period involved is fixed.
The official Federal Reserve strategy for implementing its monetary policy objectives is spelled out in the
A) Federal Reserve Board (FRB) Decree. B) Federal Reserve Bank Cooperative (FRBC) Proposal. C) Federal Advisory Committee (FAC) Statement. D) Federal Open Market Committee (FOMC) Directive.