What Is Not a Benefit from the Lower Costs of Transportation

question 36

Multiple Choice

What is not a benefit from the lower costs of transportation that were achieved through advances in railroads, canals and steamboats?

• A) Free rider problems were reduced.
• B) Farmers gained larger shares of the selling price of their crops.
• C) Consumers paid decreasing shares of the purchase price for transportation and marketing costs.
• D) New unsettled areas could be cleared more profitably and added to the nation's economic activity.

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Definitions:

Piaget's Stages

A theory by Jean Piaget that describes four stages of cognitive development in children: Sensorimotor, Preoperational, Concrete Operational, and Formal Operational stages.

Sensorimotor

Relates to the first stage of Jean Piaget’s theory of cognitive development, where infants learn through interacting with the world through sensory experiences and motor activities.

Cognitive Development

The process by which a person's ability to think, understand, and learn evolves over time from childhood through adulthood.

Jean Piaget

A Swiss psychologist renowned for his pioneering work in child development, particularly his theory of cognitive development.