Answer on Economics of Enterprise Question for Michelle
a. Low-income American families
b. High-income American families
c. U.S. autoworkers
d. U.S. auto companies
b. High-income American families will not be affected, because they buy more expensive cars.
c. U.S. autoworkers are likely to lose, because they can lose their jobs in this case.
d. U.S. auto companies are likely to lose, because the demand for their comparatively expensive cars will decrease and they may shut down.
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!