The introduction of steamboats:
a. led to dramatic declines in the price of upstream transport.
b. led to moderate declines in the price of downstream transport.
c. is the primary reason for falling transportation costs in the early 1800s.
d. led to an initial decrease in transport costs that continued to fall due to learning by doing and the construction of lighter boats with increased capacity.
e. All of the above.
e. All of the above.
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If a bond was to pay off one year from now for $840 and was purchased for $800, what is the interest rate?
A) 4 percent B) 5 percent C) 20 percent D) 40 percent
In the simple deposit expansion model, a decline in checkable deposits of $1,000 when the required reserve ratio is equal to 10 percent implies that the Fed
A) sold $1,000 in government bonds. B) sold $100 in government bonds. C) purchased $1,000 in government bonds. D) purchased $100 in government bonds.
The margin requirement is the maximum percentage of the price of a(n)
a. bond that can be used as collateral to borrow from a bank b. investment good that can be used as collateral to borrow from a bank c. home mortgage that can be used as collateral to borrow from a bank d. stock that can be used as collateral to borrow from a bank e. an asset that can be used as collateral to borrow from the Fed
When deficits are run continuously with a constant nominal interest rate, nominal interest payments on the total nominal debt will become smaller relative to future deficits, ceteris paribus.
Answer the following statement true (T) or false (F)