Question

Prices of tickets for seats on commercial passenger planes are typically in the hundreds of dollars, whereas trips often can be made by automobile at lower cost. Accident rates per person per trip in the airline industry are considerably lower than auto accident rates per person per trip. Based on these facts, discuss how regulatory costs and benefits may help to explain why government regulations require children to be placed in safety seats in automobiles but not on commercial passenger planes.

Short answer

As a result, the government enacts legislation that would require youngsters to ride in safety seats.

Step-by-step solution

Introduction.

The state of not being subjected to or causing harm, injury, or loss.

Given Data.

The legal advantages of mandating children to wear safety seat belts outweigh those of a commercial passenger airliner. Because of the rising accident rates in the vehicle industry, the government has made seat belt use mandatory. The expense of enacting this legislation is significantly lower than enacting regulations for air passengers.

Explanation:

The number of accident deaths can be lowered if youngsters are buckled up in safety seats. This reduction in accident deaths is a regulatory advantage that is more than offset by the expense.

As a result, the government enacts legislation requiring youngsters to ride in safety seats.