The Primary Objective of Deregulation in the U

question 81

True/False

The primary objective of deregulation in the U.S.was to make its domestic transportation systems more efficient by increasing marketplace competition and increasing economic regulation.

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Definitions:

Efficiency

Refers to the ability to achieve a desired result without wasting materials, time, or energy.

Equality

The circumstance in which all individuals possess identical opportunities, rights, and standing.

Opportunity Cost

The cost of the next best alternative foregone as a result of making a decision.

Tuition

The fee charged by educational institutions for instruction and other services.