Archive for the 'Market Failure' Category

Road and Rail: Economics?

Thursday, July 6th, 2006

Over in New Zealanad, there’s heavy discussion over whether the Government should promote rail use, or stick with roads as the primary traffic medium. But when Mayor Les Probert of Wairoa was asked about the issue, he responded that the whole problem boils down to plain economics. What did he mean?
Well, in the A-Level syllabus, […]

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