Which of the Following Statements Describes Transportation in the Trans-Appalachian

question 67

Multiple Choice

Which of the following statements describes transportation in the trans-Appalachian West in the early nineteenth century?

• A) Western canal and turnpike building depended heavily on federal government subsidies.
• B) Water transport was the quickest and cheapest way to get goods to market.
• C) New Orleans replaced Cincinnati and St.Louis as the major western transportation hub.
• D) Transportation improvements allowed western settlers to live as well as easterners.

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Definitions:

Close Substitutes

Products or services that are so similar that a consumer can easily replace one with another, often affecting consumer choice and market competition.

Sole Producer

A market situation where only one supplier exists for a particular good or service, often leading to monopolistic behaviour.

Average Revenue

The amount of money received by a firm per unit of output sold.

Average Variable Cost

The total variable costs divided by the quantity of output, representing the variable cost per unit of output produced.