Most States Have Instituted Mandatory Seatbelt Laws to Reduce Traffic

question 41

Multiple Choice

Most states have instituted mandatory seatbelt laws to reduce traffic fatalities.An economist may point out that an unintended effect of these laws is

• A) an increase in the price of automobiles,further reducing fatalities.
• B) an increase in driving speed,reducing the number of accidents.
• C) a decrease in driving speed,further reducing fatalities.
• D) an increase in risky driving behavior,increasing fatalities.

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, ending with the net income or loss for that period.

Advertising Expense

Advertising expense is the cost incurred in promoting products or services through various media to increase sales.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit, which is charged as an expense on the income statement.

Utility Bill

A regular invoice for essential services such as electricity, water, gas, or telecommunications provided to individuals or businesses.