Suppose a hurricane hits Alabama, causing widespread damage to houses and businesses. The governor of Alabama places price ceilings on all building materials to keep the prices reasonable. Which of the following is the most likely result?
A. The supply of building materials to Alabama will increase.
B. Shortages of building materials and a slower recovery from the storm.
C. A faster recovery from the storm.
D. More people will be able to purchase building materials.
Answer: B
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A) 1 B) 2 C) 3 D) 4
In the above graphs, an inverse relationship is shown by
A) Graph A. B) Graph B. C) Graph C. D) Graph D.
Direct marketing is
A) advertising that permits a consumer to follow up directly by searching for more information and placing direct product orders. B) advertising that targets a specific audience and allows the consumer to follow up directly by placing direct product orders usually through television or radio. C) advertising targeted at specific consumers. D) advertising intended to reach as many consumers as possible.
Public versus private initiatives to expand canals and railroads in the United States:
a. featured a large percentage of government investment. b. featured a small percentage of government investment. c. were dominated by private investment. d. were exclusively private due to "strict constructionism."