Increased consumer spending driven by purchasing with credit.
I think the answer is E. but i am uncertain of it though please tell me if im wrong or not
Explain how absolute advantage and comparative advantage differ. Absolute advantage is the ability to produce a good using fewer inputs than another producer, while comparative advantage is the ability to produce a good at a lower opportunity cost than another producer (reflecting the relative opportunity cost).
This question is incomplete because the options are missing; here is the complete question:
How did railroads spur economic growth and create new markets for products after the Civil War?
A. By linking the nation together
B. By reinvesting in other industries
C. By bringing immigrants west
D. By providing railroad land to settlers
The answer to this question is A. By linking the nation together
Explanation:
The creation of new railroads and the expansion of old railroads after the civil war was key in the economic growth and prosperity of the U.S. This is because the railroads connected or linked many territories that were previously isolated. This implied goods and raw materials could be easily transported, which increased production and trade. Moreover, there were new markets as territories connected integrated in trade. According to this, option A is correct.