The Economic View of Traffic Congestion Considers

question 32

Multiple Choice

The economic view of traffic congestion considers

• A) that most drivers are not good defensive drivers.
• B) that driving is a right.
• C) that drivers ignore the costs they impose on other drivers by slowing other drivers' commute time.
• D) that the amount of driving should be reduced.

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Definitions:

Marginal Productivity

The additional output that can be produced by adding one more unit of a specific input, holding all other inputs constant.

Incentive

Something that induces a person to act

Empirical Work

Research that relies on actual experience or observation rather than theory or pure logic, often involving the collection and analysis of data.

Productivity

An indicator of production effectiveness, typically shown as the proportion of outputs versus inputs in the manufacturing process.