Thursday, July 24, 2008

Unit 1: Allocative efficiency in the North American motor indusrty

Geoff Riley has this summary of changes at Ford in the USA

http://www.tutor2u.net/blog/index.php/economics/a-change-of-direction-for-ford/#When:13:04:00Z

The BBC reports similar changes at General MOtors in the USA

http://news.bbc.co.uk/1/hi/business/7538470.stm

a) Explain how these changes in what is produced represents a move towards greater allocative efficiency in the North American motor market

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