What was the first form of land vehicle?
The rush to establish railway lines in Britain during the 1840s and 1850s has become known as which of the following?
- Railway Excitement
- Railway Euphoria
- Railway Mania
- Railway Expansion
Which of the following spurred government regulation of the railways in Britain?
In which year was the UK Transport Act which nationalised much of Britain’s transport?
What reason does Aldcroft (1974) suggest is the most important in explaining why the British railways relied on steam power for so long?
- Secure financial returns
- Lack of finance
- Managerial comfort
In which century were the first traffic jams in London?
What were the turnpikes?
- Toll roads
Which of the following led to dangerous conditions in the early British bus market?
- High speeds
- The condition of roads
- Exhaust emissions
Which of the following is a major reason why road freight grew at the expense of the railways in Britain before World War One?
- Its speed over long distances
- Environmental concerns
- Greater volume capacity
A group of connected producers densely located in a particular geographical area is called which of the following?
- A cartel
- A capital
- An agglomeration
- A city
What is a ship with three banks of oarsmen known as?
- A galley
- A trireme
- A junk
- A quinquereme
The tramp shipping industry is sub-divided into which two of the following parts?
Which two of the following strategies did the German government use to subsidise its shipping fleet before World War One?
- Constructional subsidies
- Direct payment for specific purposes
- Inflated rates for mail transportation
- Special railway rates for exports
Which of the following countries established a shipping union to help its fleet compete with those of foreign countries?
When firms earn just enough revenue to cover their costs, they are said to be doing which of the following?
- Entering surplus
- Breaking even
- Making profit
- Revenue maximising
Which of the following was the role of IATA?
- Setting aviation fares
- Monitoring load factors
- Facilitating the agreement of treaties
- Reporting to governments about safety
What is an agreement between two countries called?
- A unilateral treaty
- A summit
- A covenant
- A bilateral treaty
The design of narrow-baots in Britain is an example of which of the following?
- Economies of scale
- The problem of the early start
- Political capture
- Environmental consideration
Canals are still economically viable for industrial use in which of the following countries?
- The Netherlands
“As output increases, production costs fall.” This is a description of which of the following phenomena?
- Economies of scope
- Productive efficiency
- Economies of scale
- Economies of density