It has been estimated that privately run buses, trains, and subways are about 10 percent cheaper, on a per rider basis, than the same transportation if government run. Is public transportation a public good? On this basis, would you recommend that public transportation be privatized? What additional information would you want to make this decision?

It has been estimated that privately run buses, trains, and subways are about 10 percent cheaper, on a per rider basis, than the same transportation if government run. Is public transportation a public good? On this basis, would you recommend that public transportation be privatized? What additional information would you want to make this decision?

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter5: Supply, Demand, And Price: Applications

Section5.11: Application 11: College Super Athlets

Problem 2ST

See similar textbooks

Similar questions

Is the demand for public transit more responsive to price changes or service quality changes? Discuss the implication to transportation policies.
How did the COVID-19 pandemic affect the economic, social, and political aspect of the Transportation System in the Philippines?
Are utilities a public good, by definition?
Which mode of transport is currently experiencing a resurgence, and why?
Explain why free or very low-cost public transportation might be a solution to the traffic problem in the city.
Discuss any three determinants of demand for road transport as a mode of transport.
Why do governments (city, state or national) often provide funding for creating and maintain public parks? What incentives may cause businesses to contribute to park funding?
Discuss the social and economic implications of subsidising the transportation industry.
Examine the Jamaica Urban Transport Company (JUT), and advise the government of Jamaica if subsidizing the JUTC makes good economic sense. Support your arguments with articles from the Jamaica Gleaner, Jamaica Observer, and other relevant sources.
A town is in financial trouble and is considering imposing user fees for certain services. The current list consists of fire protection, police, schools, parks, and libraries. You are hired to advise them on this from an economist's perspective. For which of these would it be most (least) reasonable to use such an approach to funding? Explain your choices by discussing the effectiveness of a fee on each relative to the concept of a "Public Good" as defined in economics and whether such user fees would provide total funds consistent with the overall social benefit of each? 6.
Question 9 Which of the following is the most common form of private transportation: O Private trucking O Private water carriers Private railroad carriers O Private pipeline O Private air carriers
Do you agree with the goals and ideas of the proposed FTAA?Why or why not?