Albert Fishlow argued that if the railroads were built ahead of demand we would observe initial profit rates that were very ______ and initial population densities that were very _______.
A) low; high.
B) high; low.
C) low; low.
D) high; high.

Question

Quizplus · Accepted Answer

Fishlow's argument implies that if railroads were built before there was actual demand for them, they would initially not be very profitable due to the lack of immediate use, and the areas around them would have low population densities because the infrastructure was not yet needed or utilized by a large population.

Albert Fishlow Argued That If the Railroads Were Built Ahead