In the Eighteenth Century, Railroad Construction on the European Continent

question 30

Multiple Choice

In the eighteenth century, railroad construction on the European continent

• A)was much cheaper than it had been in Britain.
• B)featured varying degrees of government involvement.
• C)was generally the work of private entrepreneurs.
• D)generally followed the British pattern.

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Definitions:

Compensate

To provide something, typically money, in recognition of loss, suffering, or damage incurred; to make amends.

Actuarial Insurance

The application of statistical and mathematical methods in the insurance industry to calculate risk and determine premiums.

Frequency

The rate at which a repeated event occurs, such as the number of waves that pass a fixed point in a specific amount of time in the context of physics, or the regularity of an occurrence in general terms.

Potential Loss

The possibility of financial detriment or damage in the future.