Diffence of place values of2in4,29,87,236is
Answers
Answer:
hundreds is the place value of 2 in above value (4,29,87,236)
Answer:
Gasoline taxes are a hotly debated topic in both environmental and economic policy settings. Previous studies have examined the effects of various gasoline taxes on the supply and demand for gasoline. But in Empirical Estimates for Environmental Policy Making in a Second-Best Setting (NBER Working Paper No. 10330), authors Sarah West and Roberton Williams examine the effect of gasoline taxes on work decisions. Do people work more or less when gasoline prices go up? The authors find that higher gasoline taxes encourage work, and when this effect is taken into account, the optimal gasoline tax is substantially higher than previous research has suggested.
If gasoline taxes are set based only on their effects on gasoline use, then the best governmental policy would be to set the gas tax equal to marginal damage: the value of all of the negative externalities that result from using a gallon of gasoline, including pollution, accidents, noise, and traffic congestion. Since these costs are imposed on others, people don't have enough incentive to conserve gas. Taxing gasoline forces drivers to take that cost into account when making driving decisions. If the gas tax equals marginal damage, then the cost of gasoline to the driver is the same as the cost to society, thus providing the proper incentives.