Transport: Road pricing and combating road congestion

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  • Created by: Jade
  • Created on: 01-01-13 22:15

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
1 of 12

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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
  • 4p,1.26
  • 3p,1.40

3. London Congestion Charge and Low Emission Zone whereby it has been estimated that congestion has been cut by around?

  • 15%
  • 20%
  • 10%

4. _______ is when demand exceeds supply on a given network at a given time period e.g. rush hours, school holidays etc.

  • Peaking
  • Congestion
  • Excess demand
  • Loading

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

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