Initially, the creation of railroads was opposed in some countries because railroads were likely to ________.

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Initially, the creation of railroads was opposed in some countries because railroads were likely to ________.

Initially, the creation of railroads was opposed in some countries because railroads were likely to ________.

▸ initiate creative destruction

▸ increase the cost of trade

▸ increase poverty

▸ provide more power to monarchs and rulers

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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