Regarding Railroads

question 132

Multiple Choice

Regarding railroads,

• A) full carload rates are lower than less-than-carload rates.
• B) rail shipments usually move much faster than truck shipments.
• C) they transport the same products in less-than-carload lots faster than full carload shipments.
• D) they handle products only if they are shipped in full carload lots.
• E) None of these alternatives is true.

---

Definitions:

Soybeans

Edible legumes native to East Asia, widely grown for their numerous uses, which include producing oil, as a source of protein, and in many food products.

Willingness To Pay

The maximum price a consumer is prepared to pay for a good.

Positively Sloped

Describes a graph or relationship where, as one variable increases, the other variable also increases, typical of a supply curve in economics.

Negatively Sloped

A graphical representation showing a decrease in one variable as another variable increases, often used in the context of demand curves.