Decisions about Science & Technology play a significant role in shaping our future society. In Chapter 11 of our textbook, the example of traffic congestion is provided which relates to a city like Toronto. There are two identified solutions to the problem of traffic congestion: Widen the roads OR improve the public transport system. If the roads are widened it makes commuting to the city more appealing but it will also increase the number of vehicles on the road. On the other hand, if the public transport system is improved it will decrease the number of vehicles on the road and could decrease the time it takes to commute.

Decisions about Science & Technology play a significant role in shaping our future society. In Chapter 11 of our textbook, the example of traffic congestion is provided which relates to a city like Toronto. There are two identified solutions to the problem of traffic congestion: Widen the roads OR improve the public transport system. If the roads are widened it makes commuting to the city more appealing but it will also increase the number of vehicles on the road. On the other hand, if the public transport system is improved it will decrease the number of vehicles on the road and could decrease the time it takes to commute.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter1: What Economics Is About

Section: Chapter Questions

Problem 24QP

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