Land Bridge Services Involve the Use of Surface Transportation-Generally Rail

question 48

True/False

Land bridge services involve the use of surface transportation-generally rail transportation-between an origin and destination port.

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Definitions:

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium outcome is not achievable or not achieved in a market.

Price

The cash amount projected, called for, or allocated in settlement for a product.

Quantity

The amount or number of a material or immaterial good that is considered separately.

Consumer Surplus

The gap between the total sum consumers can and will pay for a good or service versus what they actually spend.