Which of the Following Statements Is False

question 12

Multiple Choice

Which of the following statements is false?

• A)The accessibility of highway transportation often ranks as one of the most important criteria in facility location.
• B)Transportation considerations are a key aspect of facility location decisions.
• C)A poor facility location can increase transportation costs as well as negatively impact customer service.
• D)Intermodal competition refers to the number of carriers within a particular mode of transportation.

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Definitions:

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount received from its sale.

Trade

The act of buying, selling, or exchanging goods and services between people, businesses, or countries.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service versus what they actually receive.

Trade

The exchange of goods, services, or both between parties in different countries or within the same country, enhancing economic efficiency and access to resources.