The Idea of Requiring Motorists to Pay to Use the Busiest

question 35

Multiple Choice

The idea of requiring motorists to pay to use the busiest streets in a city

• A)has been proposed by many public officials, but to date the idea never has been tried in a major city anywhere in the world.
• B)was tried in New York City in the 1990s, but the result was more - not less - congestion on busy streets, and the experiment was short-lived.
• C)reflects the fact that a congested road is a public good.
• D)reflects the fact that a congested road is a common resource.

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Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much one currency is worth in terms of the other.

Supply And Demand

Economic model of price determination in a market, where the quantity of a good supplied by producers and the quantity demanded by consumers depend on the price level.

Currencies

Systems of money in common use, particularly in a nation or economic region, serving as a medium of exchange.

Governments

Governments refer to the group or system of individuals governing an organized community, often a state.