Recall the Application about the best speed at which to sail an ocean cargo ship to answer the following question(s).
-The use of seat belts and other automobile safety features making bicycling more hazardous can be explained by the economic concept known as
A) the real-nominal principle.
B) the marginal principle.
C) the principle of voluntary exchange.
D) the principle of diminishing returns.

Question

Quizplus · Accepted Answer

The economic concept that explains how the use of seat belts and other automobile safety features can make bicycling more hazardous is the marginal principle. This principle involves analyzing the additional benefits and costs of a decision. In this context, as driving becomes safer, more people might choose to drive rather than bike, potentially leading to more traffic and higher risks for cyclists.

Recall the Application About the Best Speed at Which to Sail