What Is One Reason the United States Produces Luxury Cars

question 91

Multiple Choice

What is one reason the United States produces luxury cars such as the Chevy Corvette but still does not provide health care for all individuals?

• A) Income is highly unequally distributed in the United States.
• B) Government manages the health care system.
• C) Total surplus in the United States is too low.
• D) Providing health care for all individuals is always inefficient.

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Definitions:

Technology Level

The current state of technological advancement and availability in a society or sector.

Resources Available

The total assets, both tangible and intangible, that are at disposal for use in the production of goods and services.

Production Possibility Frontier

A graph that shows all the maximum production possibilities of two or more products based on certain inputs.

Bowed Out

A phrase indicating withdrawal or retreat from a competition, situation, or commitment.