Beginning in the late 1970s and into the 1980s, the US transportation industry was deregulated. The net result was a less competitive environment.

Question

BlackTom AI · Accepted Answer

The question discusses two statements: (A) that deregulation began in the late 1970s and into the 1980s in the US transportation industry, and (B) that the net result was a less competitive environment.
Option 1: 'The first sentence is false, but the second sentence is true.' Here we would be claiming deregulation did not occur as described, and that the outcome was less competitive. In reality, deregulation did occur (A is true), and the typical historical assessment is that it increased competition, not decreased it, so B being true would be incorrect.
Option 2: 'Both sentences are false.' This would imply that neither the deregulation period is accurate nor the claim about competition is accurate. Since deregulation did occur, and the overall effect was more competition rather than less, this option misstates both parts.
Option 3: 'Both sentences are true.' This asserts that deregulation happened and that the result was less competitive. While deregulation did take place, the commonly cited outcome is heightened competition across transportation sectors, not a decline in competitiveness, making this option incorrect.
Option 4: 'The first sentence is true, but the second sentence is false.' This option correctly separates the two claims: deregulation did occur during the late 1970s and into the 1980s, and the net result was not a less competitive environment; it generally led to greater competition. Therefore, this choice accurately reflects historical interpretation of deregulation's impact on competition in transportation.
In summary, Option 4 best matches the historical understanding that deregulation happened, but it did not produce a less competitive environment; it tended to increase competition across the industry.

Beginning in the late 1970s and into the 1980s, the US transportation industry was deregulated. The net result was a less competitive environment.

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