For the following statement, please indicate whether it is TRUE, FALSE or UNCERTAIN, and give a...
For the following statement, please indicate whether it is TRUE, FALSE or UNCERTAIN, and give a short explanation why.
1.) A state is considering adding additional lanes to a major highway. All else equal, in the long run, this will decrease driving times around the area.
Homework Answers
This is a highly uncertain. the driving time will decrease only when there will be a reduction in the number of commuters. This will result in a reduction in congestion and therefore the driving time will reduce. But with a longer period we do not expect the number of commuters to decline instead, they are expected to increase in general with the population in nearby towns.
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For the following statement, please indicate whether it is TRUE,
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