The importance of transportation in a nation and its people. When a nation is developed/ full economic growth, do you think that there is no impact and people are totally happy on it? If not? What are the two types of externalities? How can you explain each of them? What are the modern/advance technology used in logistics and transportation and how these technological advancement contributes to the economic productivity of our times or of each nation they serve.
The importance of transportation in a nation and its people. When a nation is developed/ full economic growth, do you think that there is no impact and people are totally happy on it? If not? What are the two types of externalities? How can you explain each of them? What are the modern/advance technology used in logistics and transportation and how these technological advancement contributes to the economic productivity of our times or of each nation they serve.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The importance of transportation in a nation and its people.
When a nation is developed/ full economic growth, do you think that there is no impact and people
are totally happy on it? If not? What are the two types of externalities? How can you explain each of
them?
What are the modern/advance technology used in logistics and transportation and how these
technological advancement contributes to the economic productivity of our times or of each nation
they serve.
What is price mechanism applied on transport investment?
What is a market failure on transport investment and how it will happens?
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