1. Road space - as congestion increases, the non-rivalry characteristic has been undermined - because one additional drivers use of the road will further restrict the use of others. Road space is ?
- A quasi-public good
- Private good
- Public good
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Other questions in this quiz
2. Prices would start from as little as ____ a mile on rural country lanes. The maximum price would be _____ on busy motorways like the M25 at peak times.
- 2p, 1.34
3. London Congestion Charge and Low Emission Zone whereby it has been estimated that congestion has been cut by around?
4. _______ is when demand exceeds supply on a given network at a given time period e.g. rush hours, school holidays etc.
- Excess demand
5. Road congestion contributes to air pollution, lack of traffic safety, waste of petrol, opportunity cost of sitting in traffic jams, cost to employers/ business time wasted could be spent producing products. Examples of?
- Negative externalities
- Positive externalities