Which of the Following Statements Is Supported by the Research

question 51

Multiple Choice

Which of the following statements is supported by the research of economic historians?

• A) Canals and railroads were built with a mixture of private and public enterprise and ?financing.
• B) Canals and railroads were built largely without U.S. government participation.
• C) Canals were built with public assistance, but railroads were built with almost no ?government assistance.
• D) Railroads were built with public assistance, but canals were built by private enterprise.

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Definitions:

Tax Revenue

The revenue that governments acquire by imposing taxes.

Output Efficiency

A state where resources are allocated in the most effective manner, producing the maximum amount of goods and services.

Willingness To Pay

The maximum amount an individual is prepared to spend on a good or service, reflecting their valuation of it.

Trade Agreement

A contractual arrangement between countries regarding their trade relationships and tariffs.