Which of the Following Methods of Discouraging Speeding Is Likely

question 67

Multiple Choice

Which of the following methods of discouraging speeding is likely to be MOST effective because people usually exploit opportunities to make themselves better off?

• A)increasing the number of signs stating the speed limit
• B)increasing the fine associated with speeding tickets
• C)public service announcements reminding drivers of the dangers of speeding
• D)All three methods are equally effective.

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Definitions:

Firm Commitment

An agreement between a buyer and a seller wherein the seller is obligated to supply an agreed-upon amount of goods or services at a specified price.

Derivative Instrument

A financial security whose value is dependent upon or derived from an underlying asset or group of assets.

Options Contract

A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at a set price on or before a given date.

Future Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future.