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Corporate Average Fuel Economy
Beginning of paper
The foreshadowed Market Failures of the mid 1970's gave way to Corporate
Average Fuel Economy, regulation 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 .... Middle of paper
.... of fuel consumption thus
nullifying high pump prices and b) raise the level of conservation by
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 m ....
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Number of words: 647
Number of pages: 3 (approx. 250 words per double-spaced page)
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