The Cash for Clunkers Program Was Intended to Help the US

question 76

Multiple Choice

The Cash for Clunkers program was intended to help the US auto industry and help the environment.Which of the following is often cited as a unintended consequence of the program?

• A)it contributed to an increase in the US trade deficit
• B)it helped Toyota surpass GM as the #1 auto maker in the world
• C)it helped the Japanese auto industry more than the US industry
• D)it helped used car dealers more than new car dealers
• E)it led to an acceleration of inflation in the USeconomy

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Definitions:

Contract Law

A branch of law that deals with agreements between parties, their rights, and obligations.

Consideration

In contract law, consideration refers to something of value exchanged between parties that is necessary for a valid contract.

Binding Contract

A legal agreement between two or more parties that is enforceable by law.

Interpret

To explain or provide the meaning of something, often used in the context of understanding legal documents, languages, or artistic works.