Which of the Following Statements Contains Accurate Information Regarding Power

question 14

Multiple Choice

Which of the following statements contains accurate information regarding power sources for manufacturing in the first half of the 19^th century?

• A) For New England manufacturers steam engines were more costly than water power.
• B) The water turbine was more efficient than the water wheel.
• C) Coal was adopted more slowly in the U.S. than in England.
• D) Along the Ohio River, steam was preferable to water power because of variable stream levels.
• E) All of above.

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Definitions:

Compounded Semiannually

A method of calculating interest where the earned interest is added to the principal amount twice a year, leading to interest being earned on interest in the following periods.

Interest Rate

The fee a lender imposes on a borrower for the utilization of assets, depicted as a proportion of the principal amount.

Compounded Annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.

Interest Rate

The percentage of the principal that is paid as a fee over a certain period of time for the use of borrowed money.