Situation 32-l

-Refer to Situation 32-l.At the time the total yearly salary (including all the benefits)of the average auto worker was no more than $50,000 per year,and the cost per job saved was estimated at $160,000 per worker per year.We can conclude that

Question

Situation 32-l
 
-Refer to Situation 32-l.At the time the total yearly salary (including all the benefits)of the average auto worker was no more than $50,000 per year,and the cost per job saved was estimated at $160,000 per worker per year.We can conclude that

Quizplus · Accepted Answer

The cost per job saved is estimated at $160,000 per worker per year, which is significantly higher than the average yearly salary (including benefits) of $50,000 per year. This indicates that import quotas are not a cost-efficient way of saving jobs. Furthermore, there is no information given to suggest that the U.S. auto industry's lobbying efforts were promoting the general public interest or that the net social benefits of import quotas were positive. Therefore, none of the above options are valid conclusions.

Situation 32-L -Refer to Situation 32-L.At the Time the Total Yearly Salary