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Which agency governs the economic concerns of the transportation industry in the United States?

  1. Federal Aviation Administration (FAA)

  2. Department of Transportation (DOT)

  3. Environmental Protection Agency (EPA)

  4. Federal Trade Commission (FTC)

The correct answer is: Department of Transportation (DOT)

The Department of Transportation (DOT) is responsible for overseeing the economic concerns related to the transportation industry in the United States. This agency formulates policies and regulations to ensure that the transportation systems are efficient, reliable, and safe, ultimately promoting economic growth and improving access to transportation for all citizens. The DOT also coordinates efforts across different modes of transportation, including air, rail, road, and maritime, to maintain a cohesive and functional transportation network. In contrast, the Federal Aviation Administration (FAA) specifically focuses on regulating civil aviation and ensuring the safety of air travel, while the Environmental Protection Agency (EPA) deals with environmental concerns and regulations rather than economic aspects of transportation. The Federal Trade Commission (FTC) primarily addresses issues related to consumer protections and business practices, which do not concentrate on economic governance within the transportation sector. Therefore, the DOT's comprehensive role in managing and addressing economic matters in transportation makes it the correct answer to this question.