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:

Multinational Firms

Companies that operate in multiple countries, managing production or delivering services in more than one country globally.

Gender Differences

The distinctions in characteristics, behaviors, physical and psychological traits, roles, and status attributed to males and females by society and culture.

Communication Styles

The characteristic ways that individuals prefer to exchange information and converse with others.

Meeting Success

The achievement of predetermined objectives and goals during a meeting, leading to productive outcomes.