suppose high speed rail links between two pairs of cities c C Secure htps/onq qu
ID: 1150691 • Letter: S
Question
suppose high speed rail links between two pairs of cities c C Secure htps/onq queensu.calcontentienforced/173407-ECON1108/17 This assignment covers material from Chapters 1, 2, 32 (pgs 775-788), 3, and 19 of the text (Econ 112) False, or Uncertain 48 marks - 6 marks each] Explain why cach of h ollowing statcemensisTnec, False, r Uneain accuding o conomic principles. Use diagrams where appropriate. Unsupported answers will receive no marks. It is the explanation that is important. 1-1. Suppose high-speed rail links between two pairs of cities cost a total S1B each. The first pair of cities has already spent $20OM (that cannot be recovered) on the preliminary surveying work, while the second pair has not yet begun work. It is more likely that the first pair of cities will complete the project than that the second pair will undertake the projectExplanation / Answer
A1-1
Correct Answer:
Uncertain
Explanation:
It is true that the project of linking the first pair of cities has started. But it is the length between the pair of cities, time required to complete the different projects and resource allocation between the two pair of cities, that will decide that which pair of cities will complete the project. Further, the crashing of activities can also be used in the second project (linking the second pair of cities) to accelerate the work and complete it before the first project (linking the first pair of cities). Besides, the law and order scenario, economic conditions and fund availability also affect the outcome. So, it is uncertain.
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