Which of the Following Best Describes Some of the Major

question 55

Multiple Choice

Which of the following best describes some of the major advantages railroads had over more traditional shipping methods in the 19th century?

• A)Steam-powered locomotives were simple machines and quickly allowed for transportation growth.
• B)Private companies and individuals like Isambard Brunel built the early railroads.
• C)By the 1860s, railroads were in government hands except in the United States.
• D)The railroads greatly reduced costs of shipping and personal travel.
• E)Railroads could go anywhere anytime so they had more mobility than other shipping means.

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Definitions:

Call-Option

A financial contract giving the buyer the right, but not the obligation, to buy an asset at a specified price within a specific time period.

Stock Price

The amount at which a share of stock is bought or sold on the market.

Elasticity

A measure of how much the demand or supply of a product changes in response to a change in price.

Stock Put Option

A financial contract giving the buyer the right, but not the obligation, to sell a stock at a specified price within a certain time frame.