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.

D

Economics

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What are the effects of an increase in the population on potential GDP, the quantity of labor, the real wage rate, and potential GDP per hour of labor?

What will be an ideal response?

Economics

In the case in which foreign affiliates undertake the same kind of production as the parent firm, the affiliate ________ some trade in that product. The affiliate also ________ trade through better local marketing of other products produced by the multinational in other countries.

A. expands; expands B. displaces; displaces C. displaces; expands D. expands, displaces

Economics