All of the Following Is True About the Federal Highway

question 50

Multiple Choice

All of the following is true about the Federal Highway Act of 1956, EXCEPT:

• A)It was supposed to meet the needs of an automobile driven nation.
• B)The military needed such a nationwide transportation network.
• C)It was a major federal spending program under Republican president Eisenhower.
• D)It was designed to address unemployment among unskilled workers.

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Definitions:

Unlevered Cost

The cost of financing a project or investment without considering the effects of leverage or borrowing.

Capital

Financial assets or the financial value of assets, such as cash, used by a business to fund its operations and investments.

Levered

Refers to the use of debt (borrowed funds) to amplify the potential return of an investment.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay their outstanding debts, leading to the assets being allocated to creditors.