Question: Why a direct tax on gasoline is a more efficient policy to reduce gasoline consumption than fuel efficiency standards? Explain

Why a direct tax on gasoline is a more efficient policy to reduce gasoline consumption than fuel efficiency standards? Explain

Step by Step Solution

★★★★★

3.39 Rating (152 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

A direct tax on gasoline and fuel efficiency standards are both policies aimed at reducing gasoline consumption but they operate through different mec... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Introduction The Ford Motor Company issues a Corporate Citizenship Report each year. The first, Connecting with Society, was issued at its annual shareholders meeting held in Atlanta, Georgia in May...

Since Ryanair DAC's2 emergence as an upstart challenger to the Aer Lingus Ltd.-British Airways plc duopoly in the late 1980s, it had been both a consumer champion and antagonist; a technological...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Using the U.S. Securities and Exchange Commission?s EDGAR database, select a public company that has consolidated subsidiaries. To minimize the chances of classmates selecting the same company,...

QUESTION 1 What actions did former President Barack Obama take to incentivize corporations to address climate change? a. increased restrictive rules and established higher energy efficiency b....

QUESTION 2 Coal emits twice as much CO2 as natural gas True False QUESTION 3 If a potential investor was interested in comparing the environmental, social, and governance performance measures of a...

I need to forecast the income statement, balance sheet, and freecash flows generated by the company over a five year period on the attached company. Annual report 2015 Virgin Atlantic annual report...

I just need a little explanation. That's all. a) On last 2 graphs of these question what would be the graph title and what would be the explanation for it? please explain in very brief. b) On...

Read pgs 120-137 from Lessig's book titled "Code". From the reading explain the basic elements of Lessig's framework (Market, Law, Architecture, and Norms) in an organized fashion. Your final product...

MGMT4308 DR. HUANG Knowledge Base for General Environmental Analysis1 The general environment is composed of factors that can have dramatic effects on firm strategy. We divide the general environment...

Animal medical equipment was purchased during the year in the amount of $5200. Funding came from a special capital campaign conducted in 2016. I know that equipment needs to be debited and cash needs...

Explain about the following techniques that are used in 5G networks to achieve low-latency communications: a) Edge computing/Caching b) Millimeter wave (mmW) communications c) Device-to-device (D2D)...

CP9.1 Consider a unity negative feedback control system with Verify that the gain margin is and that the phase margin is 10. L(s) G(s)G(s) = = 141 s+2s+12

A budding electronics hobbyist wants to make a simple 1.0-nF capacitor for tuning her crystal radio, using two sheets of aluminum foil as plates, with a few sheets of paper between them as a...

On October 5, Lane Company buys merchandise on account from OBrien Company. The selling price of the goods is $5,000, and the cost to OBrien Company is $3,000.On October 8, Lane returns defective...

Assume information similar to that in Do It! 5-1. That is: On October 5, Lane Company buys merchandise on account from OBrien Company. The selling price of the goods is $5,000, and the cost to OBrien...

The trial balance of G. Durler Company at the end of its fiscal year, August 31, 2010, includes these accounts: Merchandise Inventory $17,200; Purchases $149,000; Sales $190,000; Freight-in $4,000;...

A cylinder having a piston restrained by a linear spring (of spring constant 15 kN/m) contains 0.5 kg of saturated vapor water at 120C, as shown in Fig. P5.57. Heat is transferred to the water,...

Can we put that she will be making weekly payroll deductions inthe amount of $52.75 to the housing equalling $211.00 monthly

Three things set The Pampered Chef, a direct selling company, apart from its competition in the housewares industry: a passion for providing unique, quality products, a dedication to ensuring...

Give examples of global market segments and companies that are marketing on that basis. Can small and medium-sized enterprises market successfully to such segments? Explain.

Licensing seems to be a fairly safe way for a manufacturer to produce in a foreign market for the first time. Comment.

What is really the cause of the conflict?

Label the following statements by selecting either (a) internal attributions or (b) external attributions. Check your answers against those at the end of the exercises. a. He did this to me because...

Which conflict theory discussed in this chapter best explains this conflict?