Fogel (1964)came Up with Two Estimates of Social Savings

question 17

Multiple Choice

Fogel (1964) came up with two estimates of social savings (? and ?) .What do they represent?

• A) The level of industrial productivity using railroads and the level not using railroads
• B) The lowered benefit of transport for agricultural goods using railroads and the lowered benefit of transport for all goods and passengers using railroads
• C) The lower output of the U.S. economy using transportation financed through domestic capital and foreign capital
• D) The cost of shipping goods by railroads and the cost of shipping by waterways and wagon transport

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Definitions:

Codominant

In genetics, a condition where two different alleles for a genetic trait are expressed simultaneously without one being recessive to the other.

Incomplete Dominance

A genetic phenomenon where the phenotype of a heterozygote is intermediate between the phenotypes of the two homozygotes.

Recessive

A genetic trait that is expressed only when two copies of the gene carrying the trait are present, as opposed to a dominant trait where only one copy is necessary.

Phenylketonuria

A genetic disorder characterized by the body's inability to break down the amino acid phenylalanine, leading to harmful buildup.