EBK MACROECONOMICS
EBK MACROECONOMICS
10th Edition
ISBN: 9781259662447
Author: Colander
Publisher: YUZU
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Chapter 5, Problem 11IP
To determine

Impact of charging insurance from per car per year to tax on gas.

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Many countries have recently passed bans on smoking in restaurants and bars. What is the economic rationale behind these bans? Would there be similar rationales for banning smoking in automobiles? Apartment buildings? Houses?
"Many towns and cities on the northeast and west coasts have passed bans on smoking in restaurants and bars. What is the economic rationale behind these bans? Should there be similar rationales for banning smoking in automobiles? Apartment buildings? Houses?"
5. An article in the Financial Times noted that toll road that connects two counties in Massachusetts was not generating as much toll revenue as predicted. At that time, the toll rate was $8 for a passenger car making a round trip from end to end on the tollway during rush hour. What type of additional information would you need to know in order to determine if the toll should be increased or decreased to maximize revenue?
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