Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

30 points. A few years ago, the state of California wanted to build a high speed train from the central valley to SF to LA.

30 points. A few years ago, the state of California wanted to build a high speed train from the central valley to SF to LA. Those in favor of a new train argued that this would reduce travel time and provide jobs and thus is great. You work for the public agency who does the calculations for the cost benefit analysis and says the project should be done if the present discounted value of the project is positive, and not done otherwise. Your job is to do the cost benefit analysis. a) 4 points. The labor market is very tight right now, with no unemployment. Are these new jobs a benefit? Why or why not

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Economics

Authors: Robert C. Feenstra, Alan M. Taylor

3rd edition

978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447

More Books

Students also viewed these Economics questions