The US "Cash for Clunkers" Program Took Roughly 7 Million

question 43

Multiple Choice

The US "cash for clunkers" program took roughly 7 million cars off the road. Economists would consider this a colossal failure because:

• A)the total number of cars was not reduced
• B)7 million cars was not enough to put a dent in global warming
• C)those 7 million cars had economic value
• D)the program reduced the price of recycled steel

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