Transport Economics: Ports and Economic Development
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Questions and Answers

According to Adam Smith, what is the main advantage of water-carriage transportation over land-carriage?

  • It reduces the cost of transportation in the production sector.
  • It expands the market opportunity of firms and increases competition.
  • It opens up a more extensive market for every sort of industry. (correct)
  • It increases the efficiency of the production sector.

    • What is one of the main advantages of efficient transport systems according to the text?

  • They generate higher added value since import and export traffic is directly linked to the regional economic network.
  • They increase the competitiveness of regional firms through lower import and export costs.
  • They provide economic and social opportunities that result in positive multiplier effects. (correct)
  • They attract new industries related to maritime trade such as shipbuilding.

    • What did Alfred Weber argue about the location decisions of firms?

  • Firms look for locations where two or more modes of transportation may connect. (correct)
  • Firms look for locations that expand their market opportunity and increase competition.
  • Firms look for locations that reduce the transportation costs in the production sector.
  • Firms look for locations that increase the efficiency of the production sector.

    • How does the text describe the relationship between investment in port logistics and the national income?

    <p>Investment in port logistics will increase the national income several times through positive multiplier effects.</p> Signup and view all the answers

    What is one of the main advantages of ports mentioned in the text?

    <p>Ports attract new industries related to maritime trade such as shipbuilding.</p> Signup and view all the answers

    What are the three main categories of economic benefits derived from ports?

    <p>Direct, indirect, and induced impacts</p> Signup and view all the answers

    What is the role of port development?

    <p>To increase the wealth of citizens</p> Signup and view all the answers

    Which of the following statements is true about the United Kingdom's maritime services, based on the information provided?

    <p>In 2011, the United Kingdom, despite not being a major trading center, generated 262,700 jobs and $21.5 billion from maritime services.</p> Signup and view all the answers

    Which of the following ports is ranked highest in terms of logistics quality and competence, according to the Logistics Performance Index (LPI) provided?

    <p>Port of Hamburg</p> Signup and view all the answers

    According to the LPI table, which country has the highest score for quality of port infrastructure?

    <p>Singapore</p> Signup and view all the answers

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