The annual cost of collisions in the United States is approximately $300 billion.On average,the driver who causes an accident incurs about ________ of the costs,leaving the rest as an external cost imposed on others.
A) one-third
B) one-fourth
C) two-thirds
D) one-half

Question

Quizplus · Accepted Answer

According to the statement, the annual cost of collisions in the United States is $300 billion. It also mentions that the driver who causes the accident incurs only a portion of these costs, leaving the rest as an external cost imposed on others. Therefore, the driver who causes the accident is responsible for approximately one-third of the costs ($300 billion/3 = $100 billion), leaving the remaining two-thirds ($200 billion) as external costs imposed on others. Hence, the correct answer is C) two-thirds.

The Annual Cost of Collisions in the United States Is