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Corporate Average Fuel Economy
Part 1 of Paper
....ulation which would call for new standards in
automobile fuel efficiency. The market failures hinged on a number of outside
variables which could have had a drastic effect on domestic markets.
Resource Scarcity drove the American public to call for a more efficient
means of managing its resource use due to a) oil em.... Part 2 of Paper
....y
lowering the amount consumed.
Although the intentions of Corporate Average Fuel Economy in the 1970's
was thought to be a cure-all but, over the long run it has turned out to be a
flop. The variables on which it was based, turned out to be almost exactly
opposite.
Lower Gas Prices have a) caused the public to simply use more fuel, b)
drive more frequently due to less fuel consumption and c) look beyond
fuel economy when in the market for a new vehicle.
Quality Depletion of the total dom.... |
| Number of words: 647 - Approximate pages: 3 |
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