The Following Data Show the Relationship Between the Number of Drivers

question 78

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.It is likely that a toll would reduce average commute times more effectively than a Coase theorem-styled,negotiated solution,because

• A) this is not an externality problem.
• B) the government needs additional revenue.
• C) the external cost is not well-defined.
• D) no one will negotiate when they leave for work.
• E) private negotiations among 500 drivers are impractical.

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Definitions:

Hydrophilic

Interacting readily with water; having a greater affinity for water molecules than they have for each other. Compare with hydrophobic.

Ionic Bond

A chemical bond formed between two ions with opposite charges, often between a metal and a non-metal, creating a stable molecule.

Electrically Neutral

A state in which an object or system has an equal number of positive and negative charges, resulting in no net charge.

Protons

Positively charged subatomic particles found in the nucleus of an atom, determining the atomic number of an element.