DeWitt Clinton Is Most Recognized for

question 42

Multiple Choice

DeWitt Clinton is most recognized for

• A) inventing the wheat combine.
• B) being one of the primary advocates of the abolition movement.
• C) developing the technology to power railroad engines.
• D) overseeing the building of the Erie Canal.

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Definitions:

Adverse Selection

A situation where asymmetric information leads to the selection of undesirable participants in a transaction or contract, often seen in insurance markets.

Consumer Surplus

The divergence between the total sum consumers are inclined and able to disburse for a merchandise or service, and the total sum they actually disburse.

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with production or consumption activities.