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Hps2214:Transport Economics Question Paper

Hps2214:Transport Economics

Course:Bachelor Of Supplies Management

Institution: Meru University Of Science And Technology question papers

Exam Year:2012

QUESTION ONE – 30 MARKS
(a) Define the term Transport Economics. (2Marks) (b) Briefly explain how demand for road space (transport) is a derived demand. (4Marks) (c) Explain five factors that influence the demand for road transport. (10Marks) (d) Highlight six tools of Economic Regulation in transport. (12Marks) (e) State the term transport. (2Marks)
QUESTION TWO – 20 MARKS
(a) Highlight five benefits of transport to a business. (10Marks) (b) Discuss five disadvantages of air as a mode of transport. (10Marks)
QUESTION THREE – 20 MARKS
(a) Explain five economic factors influencing operations of a transport firm. (10Marks) (b) Briefly explain the following essential elements as used in transport. (i) Unit of Carriage (ii) Method of propulsion (iii) Way (iv) Terminals (v) Externality (10Marks)
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QUESTION FOUR – 20 MARKS
(a) Explain the factors that influence the elasticity of supply for a transport service. (10Marks) (b) Highlight the various trends and emerging issues in modes of transport for economic development. (10Marks)
QUESTION FIVE – 20 MARKS
(a) With aid of a diagram explain the effects of an increase in price of a competitor on the demand for travel on the equilibrium of a transport firm. (10Marks) (b) Give and explain the main features of a good transport system. (10Marks)

Hps2214:Transport Economics Question Paper

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