Traffic Congestion Can Be Controlled by Charging Fees for the Use

question 88

Multiple Choice

Traffic congestion can be controlled by charging fees for the use of roadways.The fees vary with the demand for roadways at different hours of the day.It is usually very high during the business hours and low at other times of the day.This form of pricing strategy is referred to as:

• A)price gouging.
• B)peak-load pricing.
• C)marginal use pricing.
• D)second-degree price discrimination.

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Definitions:

Non-Aggression Pact

An international treaty between two or more countries agreeing to avoid war or armed conflict against each other and resolve disputes through peaceful means.

Soviet Union

A former federal socialist state in Eastern Europe and Northern Asia, existing from 1922 to 1991, known for its communist governance and being a principal player in global politics during the 20th century.

Kaiser Shipyards

A collection of shipyards in the United States known for their rapid production of Liberty ships and other naval vessels during World War II, significantly contributing to the Allied war effort.

Liberty ships

A class of cargo ships built in the United States during World War II, designed for rapid construction to support the Allied war effort.