ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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large market area.
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access to the nation’s transportation network.
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greater distance from raw materials essential for the steel industry.
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skilled labor force.
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Detailed explanation-1: -The northeastern United States, excluding northern New England, is the country’s single most significant region of manufacturing. This region is loosely defined on three sides by the Ohio River Valley, Megalopolis, and the southern Great Lakes.
Detailed explanation-2: -The region is the technical and financial center of the oil and gas industry, with many company headquarters concentrated along the Gulf Coast. This region is home to one-fifth of total crude oil production in the U.S., 45% of U.S. petroleum refining capacity and 51% of U.S. natural gas processing plant capacity.
Detailed explanation-3: -1. Toronto. Stats Canada reported that the Toronto Census Metropolitan Area (CMA) accounted for $98 billion in manufacturing sales.
Detailed explanation-4: -Ships are attractive for transport over very long distances because the cost per kilometer is very low. Ships are slower than land-based transportation, but unlike trains or trucks, they can cross oceans.