Beginning in the late 1970s and into the 1980s, the US transportation industry was deregulated. The net result was a less competitive environment. (select all that apply)

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BlackTom AI · Accepted Answer

To begin, let's restate what the prompt asks: evaluate the truth of each statement about deregulation in US transportation in the late 1970s and 1980s, noting that the question allows multiple selections.
Option 1: 'The second sentence is true.' This is not correct because the second sentence claims the net result was a less competitive environment, which contradicts the historical outcome of deregulation in transportation sectors that opened markets, increased competition, and often lowered fares.
Option 2: 'The first sentence is true.' This is correct. The deregulation occurred in the late 1970s and into the 1980s across major modes (airlines in 1978, railroads with the Staggers Act in the 1980s, trucking in 1980), and those reforms indeed deregulated the industry, removing many anti-competitive constraints.
Option 3: 'Neither sentence is true.' This statement is inaccurate because the first sentence is true—the industry was deregulated.
Additional context: The policy shifts reduced regulatory controls, encouraged market entry and competition, and generally produced a more dynamic and competitive transportation sector, which is why the assertion of a less competitive environment (option 1) is incorrect and option 2 is the sole true choice.

BUSML 3380 AU2025 (2040) Midterm Exam - Requires Respondus LockDown Browser

Beginning in the late 1970s and into the 1980s, the US transportation industry was deregulated. The net result was a less competitive environment. (select all that apply)

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