Economists Might Consider the Cash for Clunkers Program a Failure

question 66

Multiple Choice

Economists might consider the cash for clunkers program a failure because it

• A)the consumer surplus gained by the new car buyers with less than the cost to society
• B)not enough cars were taken off the road
• C)too many cars were taken off the road
• D)consumers bought foreign cars instead of domestic cars

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Definitions:

Thermal Burn

A burn injury that results from exposure to high temperatures, such as from fire, steam, hot liquids, or sun exposure.

Characterized

Described or defined by distinctive qualities or features.

Residential Fires

Fires that occur in private homes, potentially causing damage to property, injury, or loss of life.

Shock

A condition in which the pulse becomes rapid and weak, the blood pressure drops, and the patient is pale and clammy.