Related to the Economics in Practice on page 155: Which of the following would be most likely to make it more efficient for delivery trucks to drive more quickly?
A) an increase in the hourly wage of truck drivers and a decrease in the cost of gasoline
B) an increase in the hourly wage of truck drivers and an increase in the cost of gasoline
C) a decrease in the hourly wage of truck drivers and a decrease in the cost of gasoline
D) a decrease in the hourly wage of truck drivers and an increase in the cost of gasoline

Question

Quizplus · Accepted Answer

An increase in the hourly wage of truck drivers makes their time more expensive, incentivizing quicker deliveries to minimize labor costs. A decrease in the cost of gasoline lowers the expense of operating vehicles at higher speeds, making it more cost-effective to drive faster.

Related to the Economics in Practice on Page 155: Which