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According to Adam Smith, what is the main advantage of water-carriage transportation over land-carriage?
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?
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?
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?
How does the text describe the relationship between investment in port logistics and the national income?
What is one of the main advantages of ports mentioned in the text?
What is one of the main advantages of ports mentioned in the text?
What are the three main categories of economic benefits derived from ports?
What are the three main categories of economic benefits derived from ports?
What is the role of port development?
What is the role of port development?
Which of the following statements is true about the United Kingdom's maritime services, based on the information provided?
Which of the following statements is true about the United Kingdom's maritime services, based on the information provided?
Which of the following ports is ranked highest in terms of logistics quality and competence, according to the Logistics Performance Index (LPI) provided?
Which of the following ports is ranked highest in terms of logistics quality and competence, according to the Logistics Performance Index (LPI) provided?
According to the LPI table, which country has the highest score for quality of port infrastructure?
According to the LPI table, which country has the highest score for quality of port infrastructure?
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