After the Construction of the Lancaster Turnpike and the Cumberland

question 49

Multiple Choice

After the construction of the Lancaster Turnpike and the Cumberland (National) Road,road building slowed somewhat because of

• A) corruption in construction contracts.
• B) the inability to construct hard-surface highways.
• C) eastern states' opposition.
• D) the steamboat and canal boom.
• E) the reluctance of shippers to move their products by road.

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Definitions:

Average Excess Returns

The average return on an investment above the return of a benchmark or risk-free asset.

Quasilinear

Pertaining to equations or functions that are nearly, but not exactly, linear in their behavior or representation.

Betas

A measure of a stock's volatility in relation to the overall market; a beta above 1 indicates greater volatility than the overall market.

Multifactor Model

Model of security returns positing that returns respond to several systematic risk factors as well as firm-specific influences.