New Jersey Economic Geography

What happens in an intermodal freight network?

• Each shipment avoids inland markets
• Goods transfer among ships, trains, and trucks
• Containers never change transport modes
• Cargo is carried only by air balloons

Why can air cargo and seaports both be useful in one regional economy?

• They suit different cargo urgency, costs, and shipment types
• They always transport exactly the same goods at the same speed
• Seaports connect no markets
• Air cargo can carry only passengers

Why can New Jersey residents’ earnings differ from output produced inside the state?

• State GDP is always identical to wages
• All workers must live where they work
• Commuting has been outlawed
• Some residents work in New York or Pennsylvania

What is one economic benefit of dense regional markets and transport links?

• Automatic elimination of every business cost
• Guarantee of zero congestion
• Easier matching of firms, workers, suppliers, and customers
• Permanent price controls

What is a potential cost of intense development along New Jersey’s transport corridors?

• No demand for infrastructure
• Higher land costs and congestion
• Elimination of all commute times
• Unlimited free land

Why might shore hospitality hiring change strongly by season?

• Tourism demand rises and falls over the year
• All beaches are closed during summer
• Tourism jobs depend only on GDP revisions
• Every resort receives identical daily visitors year-round

Which factors determine the market value of a New Jersey crop harvest?

• Only the number of school districts
• Only the state’s population density
• County names and election cycles
• Quantity produced and selling prices

Why can New Jersey specialty-crop farms benefit from nearby northeastern cities?

• All local roads are closed
• All produce must cross the Pacific
• Quick access to large markets for perishable produce
• Metropolitan consumers cannot buy local crops

What is economic diversification?

• Making every employer produce the same product
• Having several industries with different responses to shocks
• Eliminating the service sector
• Relying entirely on one seasonal business

Which activities commonly gain from busy New Jersey seaports?

• Only inland cattle ranching
• Only mountain skiing
• Freight handling, trucking, rail transport, storage, and services
• Only offshore fishing