When You Enter a Congested Roadway

question 135

Multiple Choice

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:

Tort Liability

A legal responsibility arising from civil wrongs not based on contractual obligations, causing harm or loss to another person or entity, leading to potential compensation for damages.

Public Policy

Principles and standards considered by a government to be beneficial for the community and used as a guide for the development of laws.

Substantive Unconscionability

A legal principle in contract law that allows courts to refuse to enforce a contract or clause deemed grossly unfair or one-sided.

Unconscionability

Refers to a contract or clause that is so unfair to one of the parties that it is voidable on the ground of inequity.