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(4'3) In Estonia, the fine attached to an automobile speeding ticket no longer is denominated in Euros but instead in time. When caught speeding, the

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(4'3) In Estonia, the fine attached to an automobile speeding ticket no longer is denominated in Euros but instead in time. When caught speeding, the speeder must wait and cannot move for a period that usually is 45 minutes to an hour. (a) Is this approach to speeding fines more or less likely to deter speeding than conventional monetary fines? Why? (b) If you were going to install such a system in Virginia, how would it work? Explain. (c) What should the amount of the fine depend upon in order to he most effective

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