One Problem in the Interstate Trucking Industry Is the Number

question 234

Multiple Choice

One problem in the interstate trucking industry is the number of trucks that return after making a delivery with an empty truck. There is a website where independent interstate truckers can look for loads that they can carry with them on their return trip. Because the trucks would be returning empty (and inefficiently) , truckers, who use this website to get business that they would not have had without it, give a reduced shipping rate. This reduced rate is an example of:

• A)cost-plus pricing.
• B)target pricing.
• C)yield management pricing.
• D)penetration pricing.

Understand the basics and importance of real GDP as a measure of economic activity and well-being.

Grasp the concept of inflation, how it arises, and its relation to GDP and GDP deflator.

Recognize the limitations of GDP as an all-encompassing measure of economic progress and quality of life.

Interpret the circular flow diagram, and understand the role of expenditure and income in the economy.