(Consider This) When You Enter a Congested Roadway

question 211

Multiple Choice

(Consider This) When you enter a congested roadway,

• A) you are the only driver that is experiencing a negative externality from the heavy traffic.
• B) the opportunity cost of idling in slow traffic is the only additional cost.
• C) the increased use of gasoline is the only external cost incurred.
• D) there are mutual external costs from the slow traffic that include increased gasoline costs and more time spent on the roadway.

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Definitions:

Measured

Evaluated or quantified using specific criteria or instruments, often used for performance or dimensional assessments.

Per Capita

A measure that divides a statistical quantity by the population who shares it, commonly used to express economic data in relation to people.

GDPs

Gross Domestic Products; the total monetary value of all goods and services produced within a country's borders in a specific time period, serving as a broad indicator of economic health.

Western European

Referring to the countries located in the western part of the European continent.