What Is the Status of Competition Within the Motor Carrier

question 18

Multiple Choice

What is the status of competition within the motor carrier industry?

• A) Only carriers of the same type compete against each other such LTL versus LTL or TL versus TL carriers.
• B) For hire carriers only compete against private carriers
• C) The industry is highly competitive with competition between all carriers as well as with firms such as United Parcel Service and FedEx
• D) Truckload carriers only compete with contract carriers

---

Definitions:

Affordability

A measure of a person's ability to purchase goods or services, typically considering their income and the price of the goods or services.

Net Capital Outflow

The difference between a nation's total investments outside the country and foreign investments within the country over a certain period.

Foreign-Currency Exchange

The act of changing one country's currency into another's for trade, travel, or investment purposes.

Budget Deficit

The financial situation where an entity's expenses exceed its revenues over a specified period, leading to borrowing or debt.