Related to the Economics in Practice on page 157: 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 incentivizes faster deliveries to reduce labor costs, while a decrease in gasoline costs makes driving faster less expensive.

Related to the Economics in Practice on Page 157: Which