How Did the Railroad Benefit Western Farmers Most

question 18

Multiple Choice

How did the railroad benefit Western farmers most?

• A) It gave them access to manufactured goods.
• B) It provided an escape from their isolation.
• C) It provided employment during the off-season.
• D) It enabled them to get their products to market.

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Definitions:

Marginal Resource Cost

The additional cost incurred by acquiring one more unit of a resource, such as labor or materials.

Long-run Real Wages

The inflation-adjusted income received by workers, taking into account the purchasing power of their earnings over a long period.

Demand for Labor

The total amount of workforce or labor hours that employers in the economy are willing and able to hire at a given wage rate.

Supply of Labor

The total hours that workers wish to work at a given wage rate, reflecting how many people are available to work.