Which of the Following Was Not a Major Form of Economic

question 100

Multiple Choice

Which of the following was not a major form of economic promotion by the federal government in the nineteenth century?

• A) land grants to railroad companies
• B) agricultural subsidies
• C) public works projects
• D) tariffs
• E) building roads and canals to tie states and regions together

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Definitions:

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices to different buyers, often based on their willingness to pay, market segment, or geographical location.

Service Industries

Industries that provide services rather than producing goods, such as healthcare, banking, and education.

Resell Products

The act of selling again or selling something that one has bought, to another consumer or market.

Inelastic Demand

A situation where the demand for a product does not change significantly with a change in its price.