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In November 2008, Automobile Executives from Ford, GM and Chrysler

question 131

Multiple Choice

In November 2008, automobile executives from Ford, GM and Chrysler testified to Congress that their firms needed a $25 billion bailout to prevent bankruptcies. The executives stated that part of the cash would be used to re-design production lines. The $25 billion is ________ and the re-designed production lines are ________.


Definitions:

Incomes

Regular financial earnings from labor or investment activities.

Government Policies

Measures and laws enacted by a government to influence economic, social, or political issues.

Economic Principle

A basic concept or rule that underlines the functioning of an economy, guiding the analysis of economic behavior.

Government Spending

Expenditures made by the government for goods and services that it uses to provide public services and for social welfare.

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