Explain Why Productivity May Rise When Railroads,turnpikes,canals and Roads Help

question 39

Essay

Explain why productivity may rise when railroads,turnpikes,canals and roads help decrease transportation costs.Discuss the roles of specialization and operating on the basis of comparative advantage in a world of low transportation and transactions costs.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.