1. The Federal Highway Administration expects transportation volume to increase by how much by 2035?
a.
50%
b.
100%
c.
200%
d.
300%
2. When did double stack rail container service begin?
a.
1916
b.
1962
c.
2006
d.
1982
3. What was the primary reason for the creation of the U.S. interstate road way system?
a.
commerce
b.
defense
c.
create depression era jobs
d.
promote manufacturing
4. On a per capita basis what commodity has the highest demand based on weight?
a.
meat
b.
beverages
c.
fruit
d.
vegetables
5. If a product costs $10 to produce, the firm expects 10% margin on the cost to produce and transportation per unit costs $2, what is the least price the firm is likely to accept for the product?
a.
$12.99
b.
$12.00
c.
$13.00
d.
$12.01
6. Based upon Lardners Law, if transportation cost is cut in half, how much does the relevant market area increase?
a.
200%
b.
50%
c.
400%
d.
600%
7. What key element is supporting the ability to sell products made in large scale production facilities?
a.
efficient transportation
b.
highly technical production
c.
just in time sourcing
d.
high quality design
8. The economic center of Mexico is
a.
Guadalajara
b.
Puebla
c.
Tijuana
d.
Mexico City
9. Which major societal function consumes the greatest percentage of GDP?
a.
Transportation
b.
Housing
c.
Health Care
d.
Food
10. What is the reason for lower freight transportation?
a.
more efficient use of equipment
b.
lower demand
c.
higher fuel prices
d.
driver shortage