2-35 Owning, operating, and maintaining an automobile carries with it private internal costs to the driver, as well as public external societal costs. List five internal and external costs.
Answer:
Owning, operating, and maintaining an automobile carries with it private internal costs to the driver, as well as public external societal costs.
Internal costs:
Buying fuel for the automobile
Purchase of insurance policy
Inspection charges of automobile
Road taxes paid
Depreciation expense of automobile
External cost:
Traffic congestion lead to time loss to others
Roadway and parking facility costs increases
Pollution emissions affect the health
Rash risk imposed on other road users which lead to grief and suffering
Developmental sprawl is affected
2-35 Owning, operating, and maintaining an automobile carries with it private internal costs to the driver,...
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