Look at the following choices. Then select three correct answers. In America, the steam locomotive –
made its first trek in 1807.
helped increase production.
allowed people to move goods and resources more easily.
was only made possible by the slave trade.
was more influential than even the cotton gin on the South’s economy.
increased the standard of living for many people.
is an important part of economics. Two things are necessary for this exchange to occur. First, producers must be free to choose what to make and sell. Second, consumers must be free to choose what to buy.