#1
1. In transportation planning, what does LOS stand for?
Level of Service
Length of Street
Load on System
Logistics of Supply
#2
6. What does the term 'Economies of Scale' mean in transportation economics?
Increasing production leads to a decrease in average costs
Decreasing production leads to an increase in average costs
Fixed costs remain constant regardless of production levels
Variable costs vary with production levels
#3
11. What does the term 'Toll Booth Equilibrium' refer to in transportation economics?
A situation where toll booth revenue equals construction costs
A balanced distribution of toll booths on a highway
An optimal toll pricing strategy to maximize revenue
A situation where toll booths cause traffic congestion
#4
16. What is the purpose of the 'Hausman Test' in transportation modeling?
To evaluate the safety of road infrastructure
To test the independence of variables in a model
To assess the feasibility of toll booths
To determine the capacity of a road network
#5
21. What is the primary objective of 'Elasticity of Demand' in transportation economics?
To assess the feasibility of toll booths
To study the responsiveness of demand to price changes
To evaluate the safety of road infrastructure
To determine the capacity of a road network
#6
2. What is the primary purpose of the cost-benefit analysis in transportation projects?
To estimate the total cost of the project
To determine the economic viability of the project
To allocate resources efficiently
To monitor project progress
#7
3. What is the formula to calculate the cost per unit in transportation cost analysis?
Total Cost / Quantity
Quantity / Total Cost
Total Cost * Quantity
Quantity - Total Cost
#8
7. What is the purpose of the Travel Demand Forecasting model in transportation planning?
To estimate the number of travelers in a region
To predict future transportation needs and patterns
To analyze current traffic conditions
To evaluate road safety measures
#9
8. In transportation engineering, what does the term 'Capacity' refer to?
The maximum number of vehicles a road can handle
The width of a road
The length of a road
The speed limit of a road
#10
12. What is the role of a 'Feasibility Study' in transportation project planning?
To determine if a project is possible and worthwhile
To estimate the total cost of a project
To monitor project progress
To allocate resources efficiently
#11
4. In linear programming, what does the objective function represent?
Constraints of the problem
Variables of the problem
Goal to be maximized or minimized
Initial solution
#12
5. What is the critical path in project management?
The longest path in the project network
The shortest path in the project network
The path with the most activities
The path with the least activities
#13
9. What is the primary goal of network optimization in transportation systems?
Minimizing travel time
Maximizing fuel consumption
Minimizing vehicle capacity
Maximizing congestion
#14
10. In the context of transportation economics, what is the 'Law of Diminishing Returns'?
As the quantity of a factor increases, the marginal productivity decreases
As the quantity of a factor increases, the marginal productivity increases
The cost of production remains constant regardless of output
The demand for transportation services is constant
#15
14. What is the purpose of 'Queuing Theory' in transportation systems?
To analyze the efficiency of traffic signals
To study waiting lines and congestion
To determine the optimal speed limit on highways
To assess the capacity of road networks