According to Joseph Schumpeter, Many Midwestern Railroads

question 32

Multiple Choice

According to Joseph Schumpeter, many Midwestern railroads

• A) were built too late and thus faced heavy competition from trucks.
• B) were built ahead of demand.
• C) were unnecessary because they followed routes already adequately served by other means of transportation.
• D) would have been built more quickly in the absence of government aid.

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Definitions:

Dependent

Relies on or is determined by another object, condition, or factor.

Independent Events

Two or more events where the occurrence of one does not affect the probability of the other(s).

Probability

A quantification of the probability that a given event will happen, usually represented as a numerical value ranging from 0 to 1.

Chess Set

A collection of game pieces of a specific design used to play the game of chess, typically including 16 pieces for each player, comprising a king, a queen, two rooks, two bishops, two knights, and eight pawns.