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1. Consider a dairy farmer. As milk transportation becomes costlier, the break-even distance for shipping milk: A. rises. B. remains unchanged. C. falls. 2. The
1. Consider a dairy farmer. As milk transportation becomes costlier, the break-even distance for shipping milk: A. rises. B. remains unchanged. C. falls. 2. The Habakkuk-Rothbarth Thesis posits that 19th century U.S. manufacturing had a ___ capital-labor ratio because of ___ in the U.S. A. low; labor scarcity B. low; land abundance C. high; labor scarcity D. high; land abundance 3. Canals likely ___ producer surplus versus wagon transport. A. did not affect B. decreased C. increased 4. As transportation costs rise, consumer surplus A. falls. B. remains unchanged. C. rises. 5. Rockefeller's success at monopolization was largely attributable to which of the following? A. Standard Oil's ability to enforce cartelization among the railroads B. Standard Oil's superior technology C. Standard Oil's geographic location
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