In Summarizing the Research on the Externalities Associated with Driving

question 99

Multiple Choice

In summarizing the research on the externalities associated with driving cars, a 2007 Journal of Economic Literature article concluded that the optimal corrective tax on gasoline in the United States, in 2012 dollars, would be about

• A) $0.40 per gallon.
• B) $0.90 per gallon.
• C) $2.10 per gallon.
• D) $2.70 per gallon.

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Definitions:

£ Sterling

The £ Sterling, or Pound Sterling, is the currency of the United Kingdom, symbolized by £, and one of the oldest currencies in continuous use.

Sixteenth Century

Refers to the period from 1501 to 1600, marking significant global exploration and cultural exchanges between Europe and other parts of the world.

European Countries

Nations located on the continent of Europe, each with its distinct geography, culture, and government.

European Slave Traders

Individuals or entities from Europe who engaged in the capture, transportation, and sale of African people into slavery from the 16th to 19th centuries.