Related to the Economics in Practice on Page 204: the Auto

question 96

Multiple Choice

Related to the Economics in Practice on page 204: The auto industry exhibits large economies of scale due in part to the large capital investment of the assembly lines. During the recession of 2008-2009, the auto industry ________, and the per-unit costs of producing cars ________.

• A) had excess capacity; increased
• B) was producing above capacity; increased
• C) had excess capacity; decreased
• D) was producing at capacity; decreased

---

Definitions:

Political Skill

The ability to effectively understand and influence others in a workplace or organizational context, often to achieve personal or organizational objectives.

Job Performance

The level of effectiveness and efficiency a person demonstrates in accomplishing job-related tasks and responsibilities.

Career Success

The achievement of desired job-related outcomes, at any point in an individual’s work life.

Machiavellianism

A personality trait that involves manipulation and exploitation of others, a cynical disregard for morality, and a focus on self-interest and deception.