Identify a True Statement About Incentives in the Context of Reducing

question 52

Multiple Choice

Identify a true statement about incentives in the context of reducing consumption.

• A) Europe is last in incentivizing mass transit use over personal vehicle use.
• B) The use of bicycle is the lowest in Amsterdam.
• C) Small vehicles have been incentivized by high fuel taxes in Europe.
• D) London drivers need not pay congestion fees when entering the heart of the city.

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Definitions:

Technological Change

The innovation or adoption of new or improved technologies, which can enhance productivity, efficiency, and quality of life.

Low Unemployment

A situation where a very small percentage of the labor force is not engaged in gainful employment, indicating a healthy economy.

Protective Tariffs

Duties charged on imports to defend local sectors from international rivals by elevating the prices of goods from abroad.

Manufactured Goods

Products that have been processed or transformed from raw materials into finished items through the use of machinery or human effort.