How Was the Railroads Use of Television to Explain Their

question 53

Multiple Choice

How was the railroads use of television to explain their case for fair government policies related to their investment in public image?

• A)TV allowed the industry to push for government policies that would help railroads a mainstay of the toy industry.
• B)Using TV to address those policies was crucial to that industry's ability to survive and compete with trucking.
• C)Railroads found TV invaluable in educating the public about policies that would have made high speed rail possible.
• D)Competition among players in the railroad industry threatened the survival of the industry, and TV was utilized to address policies that would have prevented that.

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Definitions:

Passive Policy

An economic policy approach that involves minimal intervention by the government in the economy, allowing market forces to operate without active guidance or stimulus.

Short-run Aggregate Supply

The total production of goods and services in an economy at various price levels in a short-term period, before all production factors can be varied.

Aggregate Demand

The complete requirement for goods and services in an economy, determined at an established overall pricing level for a specific duration.

Rising Prices

An economic condition characterized by an increase in the cost of goods and services, typically signifying inflation.