To Equalize Traffic on Transportation Routes, a Pricing Arrangement Called

question 156

Multiple Choice

To equalize traffic on transportation routes, a pricing arrangement called "peak, off-peak pricing" would most likely be proposed by

• A)economists.
• B)politicians.
• C)regulators.
• D)the general public.

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Definitions:

Tax Passed

Occurs when the burden of a tax is shifted from the entity legally responsible for it to another party, such as consumers.

Import Quota

A regulatory measure that sets a physical limit on the quantity of goods that can be imported into a country over a specified period of time.

Tariff

A tax imposed by a government on goods and services imported from other countries, used to control trade.

International Trade

The exchange of goods and services across national borders, driven by the principle of comparative advantage.