Following the Implementation of Laws Requiring Automobiles to Have Seat

question 128

Multiple Choice

Following the implementation of laws requiring automobiles to have seat belts,which of the following occurred?

• A)An individual's probability of surviving an auto accident rose.
• B)There was an increase in pedestrian deaths.
• C)There was an increase in automobile accidents.
• D)All of the above are correct.

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Definitions:

Supply and Demand

Fundamental economic concepts that describe how the availability of products (supply) and the desire for them (demand) determine prices.

Scarce

Describes resources or goods that are limited in availability and cannot satisfy all the wants and needs of consumers.

Positive Economics

A branch of economics focused on the description and explanation of economic phenomena, as opposed to normative economics which prescribes policies.

Value Judgments

Assessments based on personal or societal preferences, beliefs, or ethics, as opposed to objective measurements.