Introductory Microeconomics

Fifty cents of the gasoline tax dollar increase will go towards making the public transit system more feasible to people. This includes more bus stop locations, more arrival and departure times, more accessible train and airplane facilities, and increased safety precautions. Cheaper fares would also be a good means to increase the use of public transportation. In Huntsville, Alabama where the town is trying to have an efficient city system and is doing well at it, the tourist trolley fare is one dollar per trip and two

If the prices of gas go up, then the volume of traffic will go down. The volume of gas consumed will go down quite a bit. The volume of gas consumed goes down more than the volume of traffic is because price increases causes more efficient use of gas. The efficiency use of gas will go up and the total vehicles owned will go

Impact: This is import because further, well-maintained roads, coupled with access to public transportation and other driving alternatives, can lower traffic congestion and accident rates which not only save Americans time and money but also save

As stated in the question there is a blurry line between a public good and a private good. A public good is a good that is considered as being non rival and non excludable. When you consume a public good, it does not affect someone else’s consumption of the good. A private good is good that is both rival and excludable. This means that if you consume a private good, it may affect someone’s consumption of the product. I think we could make the argument that roadways are both a private and public good. Roadways are a public good in that there is no competition as to who builds and owns the roads. However, I do not think that roadways are totally non excludable. The more cars on the road means more traffic and more wear and tear on the roads. The more you drive on the roads, the more you affect others’ use of the roads. In this way, I think that roadways are more a private good. Not to mention that toll ways are making it more and more expensive for people to drive on the roads and therefore more exclusive. I know we normally assume that roadways are very public goods that are accessible to everyone. However, after looking at the economic definitions of a public good, I believe that roadways are almost more a private good than public; I affect other people driving on the road and so do the tolls that the other drivers and required to

In the early 1900s, the United States of America would see the introduction of a piece of technology that would change the way we as a society would look at travel. Henry Ford began production of Model T, the vehicle soon found its way into many American homes. By 1927, the Ford Motor Company had sold nearly 15 million of the mass produced, affordable car. The automobile was no longer a luxury but, a necessity for Americans. During the infancy of the automobile, the roads where nothing more than a mere rutted up path through the country side. Though shortly, people realized the need for better roads. The only problem was, who was going to pay the bill?

In this detailed report, essential actors such as the Transportation, Natural Resources, and California Environmental Protection Agency provide ongoing projects they are developing which collectively helps California attain an improved infrastructure plan. In recent events, Californians passed Measure M in 2016 by a 71.5% margin which will serve as sales tax to “improver freeway traffic flow/safety; repair potholes/sidewalks; repave local streets”(Metro). An unpopular decision that has affected commuters was the recent gas tax signed into effect by governor Jerry Brown on November 1st 2017. This increase in tax , formerly known as the Senate 1 Bill, increased gasoline prices by 12 cents to help fund the Department of Motor Vehicles and the Department of the California Highway Patrol. Over the course of a decade, this legislative package aims to collects $54 Billion to fix roads, freeways and bridges. In terms of distribution, $200,000,000 of the funds will go into road maintenance, $100,000,000 of the funds will go to the Active Transportation Program, and $400,000 of the funds will go to maintenance and rehabilitation (State of California

Comparing the financial cost of the interstate with the cost of having to reallocate funding or stopping programs in an effort to decrease traffic congestion will create a greater economic downturn if not done in moderation as well as a decrease in confidence in lawmakers. The lawmakers will feel the decrease in confidence by citizens during elections. Unless the local government can generate and use other sources of revenue to continue highway improvement, the decision to remove the city’s funding is not practical.

There has always been a demand for roads in the United States as roads are essential in the development of a nation. The national interstate highway system was America’s solution for the need of a road system that would stretch from coast to coast. The United States Interstate Highway System is a landmark project and often considered one of the greatest public works projects in American history by making travel by automobile faster, cheaper, safer and more convenient. New roads have been a necessity on our country ever since Henry Ford began to produce the automobile back in in 1903.

This question is a casual argument because it speculates the consequences in increasing the gas taxes.

In Daniel Wood's article "Road Pricing Necessary, Contentious—and coming to Vancouver," he provides a glimpse into the possible uproar that will come of introducing road pricing to the city of Vancouver. The masses of people who commute by transit have to pay for it while drivers on the other hand, pay nothing to use the roads. Woods goes on to describe examples of how drivers get charged for using the roads in other parts of the world and how it helps to reduce congestion and encourage the use of public transit. Woods states that in Vancouver, the roads have been free since the beginning of time. Consequentially, the public does not really comprehend the concept of road pricing—let alone have any experience with it—and without the proper education,

The first group talked about Public tollways and why they are absolutely necessary. Toll roads can be built at no cost to taxpayers. The first idea of toll streets was to raise reserves for roadway upkeep by putting the weight of users, as opposed to neighborhood citizens. Today open organizations offer long-term concession

VISION- Roads, and means of transport, make a crucial contribution to economic development and growth and bring important social benefits. Roads are among the most important public assets in many countries. Road improvements bring immediate and sometimes dramatic benefits to road users through improved access to hospitals, schools, and markets; improved comfort, speed, and safety; and lower vehicle operating costs. For these benefits to be sustained road improvements must be followed by a well-planned program of maintenance, therefore it is a paramount to maintain and reconstruct roads to ensure wellbeing and to increase development of the country.

Low gas prices tend to increase the distance travelled by motor vehicles and therefore, increase the likelihood of road accidents. Higher gas prices will ease congestion on the road and will reduce the demand in driving a motorized vehicle. This will therefore reduce the probability of an accident from occurring. If gas prices are low, the number of road accidents have shown to increase in four-wheeled vehicles. Meanwhile, if gas prices are high, the number of road accidents are likely to decrease. Therefore, we can see an inverse relationship between gas prices and four-wheeled motor vehicles. I plan to further explain the effect that these prices have on road accidents.

This assessment will be an analysis of graphed data and changes in supply and demand for three economic problems. Problem A involves production possibilities for consumer and capital goods, problem B is an evaluation of changes in supply and demand equilibrium, and finally, problem C involves pricing with relevance to supply and demand. Successful completion of this assessment demonstrates proficiency in; applying theories, models, and practices of economic theory, analyzing solutions with support from relevant data, resources, references, and economic principles, analyzing graphed and circular

Road congestion charging is an influential transport policy agenda. As the demand cars for has tremendously increased within the past century and therefore, roads have witnessed an astonishing level of congestion. This brought forward the implementation of the congestion charge. In particular, the issue of congestion charge has received great attention since it was first introduced in 2003, by the mayor of London. That charge £11.50 daily for traveling in the designated zone between 07:00-18:00? (TfL, 2008). This paper will deal with significant improvement of the policy, but will not look at the cost associated with the policy.