When Congestion Occurs on the Freeway (Because of a Shortage

question 63

Multiple Choice

When congestion occurs on the freeway (because of a shortage of freeway space) ,the economist would most likely explain this by saying that it is because

• A)the freeway has too few miles of roadway.
• B)there are too many cars.
• C)the price of driving on the freeway is below the equilibrium price.
• D)a and c

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Definitions:

Sense Of Responsibility

The feeling or belief that one is accountable for their actions or has an obligation to perform certain tasks.

Behaviors

The range of actions and mannerisms made by individuals, organisms, systems, or artificial entities in conjunction with their environment, which includes the other systems or organisms around as well as the physical environment.

Personally Disapprove

Personally Disapprove means to hold a negative opinion about something based on one's own beliefs or values.

Personally Approve

A process or action whereby an individual gives their direct and explicit approval or consent.