From the Perspective of an Externality,speed Limits on Highways Exist

question 58

Multiple Choice

From the perspective of an externality,speed limits on highways exist

• A) to raise revenue for provincial governments.
• B) to increase the smooth flow of traffic.
• C) because negotiating compensation with each speeding driver is impractical.
• D) because insurance companies demand them.
• E) to conserve gasoline consumption.

---

Definitions:

Iterative Agency

The concept that individuals have the capacity to repeatedly reassess, adjust, and act upon their environments or situations in a way that may alter their conditions and the conditions of others over time.

Projective Agency

The capacity of individuals or groups to envision and pursue future possibilities through their actions, often reflecting broader societal and cultural influences.

Field Agency

Field Agency involves the ability and authority of agents (individuals or entities) to act and make decisions within a specific field or domain.

Racial Inequality

The unequal treatment or opportunities afforded to people based on race or ethnicity.