One of the Most Pressing Concerns Associated with the Implementation

question 115

Multiple Choice

One of the most pressing concerns associated with the implementation of road congestion pricing policies can be resolved by:

• A)only charging tolls to those users who earn above a certain income
• B)allowing free access to bicyclists and those who use fuel-efficient cars
• C)employing barcode and debit card technologies to charge users
• D)only charging tolls to visitors

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Definitions:

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Long Run

A period of time in economics during which all factors of production and costs are variable, and all adjustments can be made within the economy.

Concentration Ratio

A measure of the market share held by the largest firms within an industry.

Industry

The segment of the economy concerned with production, as opposed to services, characterized by the manufacture of goods.