The effect of reduced transportation and communication costson economic development
1. Which innovative products contributed to a huge reduction in transportation and communication costs in the 1950s? Check all that apply.
The refracting telescope
A steam-operated engine
The standardized steel container
The jet engine
2.Which of the following accurately describe the effect of the reductions in transportation and communication costs? Check all that apply.
Adoption of economic policies more consistent with growth and development
Increasing trade barriers to protect domestic producers
A virtuous cycle of development that accelerates the growth rate of per capita
Exponential population growth that will reduce income to the subsistence level