Exam 2: Transportation: The Critical Link in the Economy

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Why was the construction of the Erie Canal so important in 1825?

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In addition to its economic role,what other roles are associated with transportation:

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Demand for transportation at the macro is _______,while demand for transportation at the micro level is _______?

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What percentage of ton mile traffic in the U.S.is carried by air?

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Why is transportation considered a cost center in the firm?

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A transportation shipment of 75 tons for 125 miles would be:

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Aggregate transportation expenditures are about what percentage of GDP in the U.S.?

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Ozone reduction is a concern due to what compound used in refrigeration?

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In the 21st Century,the U.S.Transportation System will face serious challenges from:

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Explain the economic importance of transportation in a global economy.

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The transit time would impact which of the following cost?

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Which mode of transportation is most important in terms of passenger-miles?

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Which of the following is considered a non-economic transportation regulation area?

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Explain time utility and its importance in the global markets.

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Which of the following is considered a transportation service characteristic?

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