Nobel Prize-winning economist Bill Vickrey suggested that automobile insurance should be paid as a tax on gas,

Question:

Nobel Prize-winning economist Bill Vickrey suggested that automobile insurance should be paid as a tax on gas, rather than as a fixed fee per year per car. How would that change likely affect the number of automobiles that individuals own?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Macroeconomics

ISBN: 978-1259663048

10th edition

Authors: David C. Colander

See More Books

Question Posted: Dec 05, 2018 05:43 AM

See More Questions

Janet Yellen, the chair of the Federal Reserve, is married to the Nobel prize winning economist George A. Akerlof. When they hired babysitters in the 1980s, they decided to pay wages that were higher...
The text presents the target rate of unemployment as being about 5 percent. William Vickrey, a Nobel Prizewinning economist, argued that the target unemployment rate should be seen as being between 1...
Nobel Prize-winning economist Milton Friedman argued that, "there is one and only one social responsibility of business-use its resources and engage in activities designed to increase its profits so...
You have been asked to calculate the cost of capital of Mulligan Ltd, a company which specialises in developing new medical equipment products. The following information is available regarding the...
Write a brief but complete essay in which you describe the probability distributions you have studied so far. Which apply to discrete random variables? Which apply to continuous random variables?...
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transact for March. Date March 1 March 5 March 9 March 18 March 25 March 29 Activities...
Define COP of a refrigerator and a heat pump
Opportunity costs. The Wolverine Corporation is working at full production capacity producing 10,000 units of a unique product Rosebo. Manufacturing cost per unit for Rosebo is as follows:...
EMMA WATSON, STEPHEN WATSON, CARTER OLIVIERA, an infant under the age of eighteen years by his Litigation Guardian, EMMA WATSON and ABIGAIL OLIVIERA, an infant under the age of eighteen years, by her...
Air enters a normal shock at 22.6 kPa, 217 K, and 680 m/s. Calculate the stagnation pressure and Mach number upstream of the shock, as well as pressure, temperature, velocity, Mach number, and...
Taxes can be levied on consumers or producers. a. Demonstrate the effect of a $4 per-unit tax on suppliers on equilibrium price and quantity. b. Demonstrate the effect of a $4 per-unit tax on...
Suppose the demand for movies is represented by Q D = 15 4P, and the supply of movies is represented by Q S = 4P 1. Determine if each of the following is a price floor, price ceiling, or neither....
For Naidoo Company, the predetermined overhead rate is 130% of direct labor cost. During the month, Naidoo incurred R1,000,000 of factory labor costs, of which R850,000 is direct labor and R150,000...
Discuss the leadership clarity formula and how you will use it in the future.
We first assume thewind is uniform (w =constant,w1 = 0).Write the expression of the velocity of the boat along the axis of the wind vx = x in terms of w and h(tan ). For what values of and z is this...
What is a resistant pattern you see in another person?
Write a C code for circular queue implementation using linked list?
What would make the work environment more conducive to collaboration?
Bianca is standing at x = 600 m. Firecracker 1, at the origin, and firecracker 2, at x = 900 m, explode simultaneously. The flash from firecracker 1 reaches Biancas eye at t = 3.0 s. At what time...
Write a declaration for each of the following: a. A line that extends from point (60, 100) to point (30, 90) b. A rectangle that is 20 pixels wide, 100 pixels high, and has its upper-left corner at...
Each year during Christmas shopping season, consumers and stores increase their holdings of cash. Explain how this development could lead to a multiple contraction of the money supply.
Excess reserves make a bank less vulnerable to runs. Why, then, dont bankers like to hold excess reserves? What circumstances might persuade them that it would be advisable to hold excess reserves?
If the government takes over a failed bank with liabilities (mostly deposits) of $2 billion, pays off the depositors, and sells the assets for $1.5 billion, where does the missing $500 million come...
Zach Ltd. produced the following data for the year 2015 - o Interest Income $4,650,000 o Capital Gain realized $50,000 o Dividend Income from company's 15% ownership in XYZ Ltd. $65,000 o Corporate...
A project requires an increase in net working capital of $150,000 at time 0 that will be recovered at the end of its 10 year life. If the opportunity cost of capital is 8%, what is the effect of NWC...
A firm is 40% financed by debt with a yield-to-maturity of 8.5%. The equity has a beta of 1.3, the market risk premium is 8.4% and the risk-free rate is 3.8%. What is the firm's WACC if the tax rate...

Nobel Prize-winning economist Bill Vickrey suggested that automobile insurance should be paid as a tax on gas,

Question:

Step by Step Answer:

It would likely incr...View the full answer

Macroeconomics

Students also viewed these Business questions