Warning: Use of undefined constant referer - assumed 'referer' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 102

Warning: Use of undefined constant host - assumed 'host' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 105

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 106

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 109
Corporate Average Fuel Economy - School Essays

Corporate Average Fuel Economy



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 to call for a more efficient
means of managing its resource use due to a) oil embargos on nondomestic
products and b) skyhigh prices at the pump.

Conservation of the world's non-renewable resources cams to the
foreground with a) higher pump prices and b) forecasted resource
expenditure before the year 2000.

With Corporate Average Fuel Economy in place ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

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 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 domestic car fleet due to special
attention to only the fuel economy while ignoring: 1) performance, 2)
acceleration and 3) handling.


*** With CAFE becoming a long-term flop, in its first years it did have its
benefits. Both the public sector and the private interests gained from the
regulation in the beginning.

--> Public Interests gained from this legislation due to a) to ability
to get more ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.


Already a member? Login


CITE THIS PAGE:

Corporate Average Fuel Economy. (2007, July 10). Retrieved November 28, 2024, from http://www.essayworld.com/essays/Corporate-Average-Fuel-Economy/67824
"Corporate Average Fuel Economy." Essayworld.com. Essayworld.com, 10 Jul. 2007. Web. 28 Nov. 2024. <http://www.essayworld.com/essays/Corporate-Average-Fuel-Economy/67824>
"Corporate Average Fuel Economy." Essayworld.com. July 10, 2007. Accessed November 28, 2024. http://www.essayworld.com/essays/Corporate-Average-Fuel-Economy/67824.
"Corporate Average Fuel Economy." Essayworld.com. July 10, 2007. Accessed November 28, 2024. http://www.essayworld.com/essays/Corporate-Average-Fuel-Economy/67824.
JOIN NOW
Join today and get instant access to this and 50,000+ other essays


PAPER DETAILS
Added: 7/10/2007 11:12:15 PM
Category: Economics
Type: Free Paper
Words: 647
Pages: 3

Save | Report

SHARE THIS PAPER

SAVED ESSAYS
Save and find your favorite essays easier

SIMILAR ESSAYS
Rising Oil and the US Economy
Main Causes Of The Great Depre
Great Depression
Causes Of The Great Depression
Causes Of The Great Depression
RYANAIR
General Mills
Great Depression
British Airways
The New Deal on Nuclear Energy
Copyright | Cancel | Contact Us

Copyright © 2024 Essayworld. All rights reserved