Steering wheel locks make it difficult for car thieves to take your car. However, these locks represent _____ to other car owners because their cars become more attractive targets since thieves are prevented from taking your car.

Question

Quizplus · Accepted Answer

Steering wheel locks represent an external cost to other car owners because it creates a situation where their cars become more attractive targets for thieves since the thieves are prevented from stealing the car with the steering wheel lock. This can lead to an increase in the risk of their car being stolen, which is a negative externality.

Steering Wheel Locks Make It Difficult for Car Thieves to Take