The Following Data Show the Relationship Between the Number of Drivers

question 15

Multiple Choice

The following data show the relationship between the number of drivers who leave for work at 8:00 a.m. ,their average commute times,and their marginal benefit associated with the commute times.
-Refer to the data above.Imposing a toll of $5 if one leaves between 8:00 a.m.and 9:00 a.m.__________ because __________.

• A) reduces total economic surplus;citizens are paying for the highway more than once
• B) improves total economic surplus;the government now has more tax revenue
• C) reduces total economic surplus;drivers do not change their behaviour and pay $5
• D) improves total economic surplus;the highway is no longer treated as having a price of zero
• E) reduces total economic surplus;the government now has more tax revenue

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Definitions:

Knowledge Workers

Individuals whose main capital is knowledge, typically characterized by a high degree of expertise, creativity, and problem-solving capability.

Increased Productivity

A measure of efficiency, indicating a rise in the output of goods and services relative to input over a specific period.

Sick Days

Days for which one is allowed to be absent from work due to illness without losing pay.

Information Revolution

The rapid transformation in societies brought about by the development of technology, particularly digital technologies, which has drastically changed how information is produced, stored, and shared.