Trucks

question 120

Multiple Choice

Trucks

• A) are best at moving large quantities of goods for longer distances.
• B) are the most expensive of any of the modes.
• C) are very slow compared to railroads, and this makes it hard to compete effectively.
• D) compete aggressively with other modes for high-value shipments.
• E) None of these alternatives is correct.

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Definitions:

Efficient Share

The optimal allocation or distribution of resources and goods in a way that maximizes productivity and utility without waste.

Efficiently Used

Utilized in a manner that maximizes productivity or effectiveness while minimizing waste or unnecessary expenditure of resources.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.

Efficiency

The optimal use of resources to achieve the best possible outcome.