Quantitative Evidence from Fishlow, Fogel and Mercer Indicates That

question 44

Multiple Choice

Quantitative evidence from Fishlow, Fogel and Mercer indicates that

• A) antebellum railroads were built ahead of demand, but post-bellum transcontinentals were not.
• B) post-bellum transcontinentals were built ahead of demand, but antebellum railroads were not.
• C) both antebellum railroads and post-bellum railroads were built ahead of demand.
• D) antebellum railroads were not built ahead of demand, but the evidence on post-bellum railroads is mixed.

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Definitions:

Equity Theory

A theory in social psychology that explains how individuals gauge the fairness of their work outcomes and inputs relative to others.

Expectancy Theory

A motivational theory suggesting that individuals are motivated to perform if they believe their efforts will lead to desired performance and rewards.

Retributive Justice Theory

A theory of justice that holds that the best response to a crime is a punishment proportional to the offense, inflicted because the offender deserves the punishment.

Bureau of Labor Statistics

A unit of the United States Department of Labor that collects, processes, analyzes, and disseminates essential statistical data related to labor market activity, working conditions, and price changes.