1.The fixed component of transportation, consist of infrastructures such as vehicles, trains, ships and planes. Select one: True False 2. Direct costs incurred by the users and operators of transport services are also known as external costs. Select one: True False
1.The fixed component of transportation, consist of infrastructures such as vehicles, trains, ships and planes. Select one: True False 2. Direct costs incurred by the users and operators of transport services are also known as external costs. Select one: True False
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Supply, Demand And Government Policies
Section: Chapter Questions
Problem 3PA
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True or false questions:
1.The fixed component of transportation, consist of infrastructures such as vehicles, trains, ships and planes.
Select one:
True
False
2.
Direct costs incurred by the users and operators of transport services are also known as external costs.
Select one:
True
False
3.
Excess supply occurs when the price rises above the equilibrium price, quantity demanded will decrease while quantity supplied will increase
Select one:
True
False
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