Suppose the United Auto Workers' Union Succeeded in Obtaining a 10

question 46

Multiple Choice

Suppose the United Auto Workers' Union succeeded in obtaining a 10 percent increase in the wages of its workers and that the wage increase caused automobile prices to rise. Employment in the auto industry would be most likely to decline significantly if

• A) the demand for American-made automobiles was highly elastic.
• B) the supply of foreign-produced automobiles was highly inelastic.
• C) American consumers considered foreign automobiles a poor substitute for American automobiles.
• D) the demand for American automobiles was relatively constant and highly inelastic.

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Definitions:

Good Samaritan Statutes

Laws offering protection to individuals who give reasonable aid to those who are injured or in peril, without fear of being sued for unintentional harm.

Impose Liability

To legally hold an individual or entity responsible for causing harm or damage, making them subject to penalties or compensation.

Pure Comparative Negligence

A defense accepted in some states whereby the defendant is not liable for the percentage of harm that he or she can prove can be attributed to the plaintiff’s own negligence.

25%

A quarter of something, often referred to in contexts of percentages, rates, or divisions.