Question: 1. Transportation is a derived demand; discuss, citing its role in economic advancement and stability.? 2. Transportation enables mobility globally however it creates daunting and

1. Transportation is a derived demand; discuss, citing its role in economic advancement and stability.?

2. Transportation enables mobility globally however it creates daunting and damaging environmental effects. Discuss four (4) negative environmental and social impacts of transportation. ?

3. Classify the following types of cost for a mode of transport (fixed and variable). Offer a brief explanation for the classification that you have selected and justify the importance of understanding classes of cost.

a. Vehicle repair and maintenance b. Insurance c. Labor d. Fuel e. Tolls f. Port dues and charges g. Inspection and certification

4. Discuss citing market related and product related examples, factors that influence the cost of transport services globally.

a. Discuss three (3) external costs of transportation and their impact on the sector.

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Answer 1 Transportation is a derived demand because it is not consumed for its own sake but rather as a means to access goods services and activities Its role in economic advancement and stability is ... View full answer

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