According to figure, the expectation is that transport infrastructure investments will result in transport improvements in terms of capacity, efficiency, and reliability. The related lower transport costs, the shorter transit times and business expansion are making economic activities more productive and competitive.’’ So, how can transport systems and transport improvements impact the commodity and labor markets in the regional economy? Please explain the question by commenting on main goals of transportation system.
According to figure, the expectation is that transport infrastructure investments will result in transport improvements in terms of capacity, efficiency, and reliability. The related lower transport costs, the shorter transit times and business expansion are making economic activities more productive and competitive.’’ So, how can transport systems and transport improvements impact the commodity and labor markets in the regional economy? Please explain the question by commenting on main goals of transportation system.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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According to figure, the expectation is that transport infrastructure investments will result in transport improvements in terms of capacity, efficiency, and reliability. The related lower transport costs, the shorter transit times and business expansion are making economic activities more productive and competitive.’’
So, how can transport systems and transport improvements impact the commodity and labor markets in the regional economy? Please explain the question by commenting on main goals of transportation system.
Transcribed Image Text:Transport Infrastructure Investment
Transport Improvements
Capacity
Efficiency
Reliability
Lower Transport Costs
Shorter Transit Times
Business Expansion
Increased Productivity
Labor Market
Commodity Market
Increased Competitiveness
Economic Growth
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