question archive In 2011, the U
In 2011, the U
Subject:EconomicsPrice: Bought3
In 2011, the U.S. trucking industry faced the following economic conditions.
(i) At last, the U.S. economy was recovering from a prolonged slump during which trucking had shrunk its capacity by 14%.
(ii) The government instituted new regulations imposing more frequent inspections and restricting operators' daily driving hours.
(iii) Year over year, diesel fuel prices were up by 9%.
Based on these conditions, what overall impact do you predict on industry output (measured in total volume and miles of goods transported) and trucking rates?
