Homework - ECON 3301001: HEALTH ECONOMICS, Spring 2011...

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ECON 3301 001: HEALTH ECONOMICS, Spring 2011 Assignment 1, due 1/27 Do higher gasoline taxes save lives? Please submit a scantron form, with one letter filled in corresponding to the answer for each question and no more than two names, at the beginning of the next class. 1. Which of the following must occur for higher gasoline prices to reduce traffic fatalities? a. Increases in gasoline prices must reduce gasoline consumption b. Decreases in gasoline consumption must reduce vehicle miles traveled c. Decreases in vehicle miles traveled must reduce traffic fatalities d. All of the above 2. Which of the following would reduce the impact of gasoline prices on traffic fatalities? a. Substitution towards smaller, more fuel-efficient vehicles b. A fall in gasoline prices when gasoline demand declines c. Both a. and b. d. Neither a. nor b. 3. Which of the following statements about the study is true? a.
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Homework - ECON 3301001: HEALTH ECONOMICS, Spring 2011...

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