Which Agency Is in Charge of Operation and Maintenance of the State's

question 49

Multiple Choice

Which agency is in charge of operation and maintenance of the state's massive 80,000-mile highway system, in addition to overseeing aviation, railroads, and other public transportation systems in the state?

• A) The Department of Transportation
• B) The Department of Health and Human Services
• C) The Public Utility Commission
• D) The Texas Parks and Wildlife Department

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Definitions:

Gains from Trade

Gains from trade refer to the increase in consumer and producer surplus that occurs when countries specialize in the production of goods and services in which they have a comparative advantage and then trade with others.

Deadweight Losses

Losses in social welfare, usually measured in terms of lost revenue or surplus, resulting from inefficiencies in a market or the economy.

Taxes

Necessary financial levies or assorted kinds of dues imposed on an individual by a governmental structure to facilitate government finance and numerous public investments.

Deadweight Loss

A decrease in economic productivity that happens when a good or service does not reach or cannot reach its equilibrium state.