In Recent Years New Automobile Factories Have Opened in California

question 71

Multiple Choice

In recent years new automobile factories have opened in California and Ohio and closed in Detroit where the unemployment of automobile workers has increased.This unemployment could be decreased if

• A)"moving costs" from Detroit to California and Ohio were reduced.
• B)information about the new jobs was made available to the unemployed workers at reduced cost.
• C)workers with the appropriate skills were relatively scarce in Ohio and California.
• D)all of the above.

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Definitions:

Common Resources

Goods that are rival in consumption but not excludable

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by one person without reducing their availability to another.

Congested

Describes a state of overcrowding or overloading, often used in contexts like traffic, where too many vehicles lead to slowed or halted movement.

Excludable

A characteristic of a good or service that allows owners or producers to prevent its use or consumption by others.