Econ 294
paper 800 words, app format with two sources on the following:
The government gets involved in regulating products we may buy often citing reasons that the regulations are needed for our own safety.
Proposals to lower speed limits on interstate highways are often defended by saying the lower speed limit will save lives.
Write whether you agree with proposals by some to regulate a product (or a behavior . . like driving) if the goal is to “save lives”.
What are the economic costs of having such regulations (i.e. enforcement of speed limits) vs the benefits achieved by those wanting regulations (i.e. saved lives).
Why did the federal government raise the speed limits on interstate highways to 70 or 75 mph some years back if higher speeds kill people?
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