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2-35 Owning, operating, and maintaining an automobile carries with it private internal costs to the driver,...

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.

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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

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