The price controls on consumer goods during World War II led to
A. permanent surpluses.
B. stable long-term prices.
C. a burst of inflation when they were ended.
D. increased production of consumer goods to satisfy demand.
Answer: C
You might also like to view...
Anthropogenic pollutants
a. are absorbed naturally through the assimilative capacity of nature b. are human-induced contaminants, such as fossil fuel combustion c. are of little concern to environmental policy makers d. come from nonartificial processes in nature, such as salt spray from oceans
The perpetual state of insufficiency of resources to satisfy people's unlimited wants is:
a. apparent only in poor countries. b. completely unrealistic. c. present in modern economies, but not in the past. d. the definition of scarcity.
If an objective of public policy is to allocate pollution to those factories that face the highest cost of reducing it, then that objective could be achieved by
a. a corrective tax, but not by regulation. b. regulation, but not by a corrective tax. c. either regulation or a corrective tax. d. neither regulation nor a corrective tax.
Assume that investment opportunities are less in high-wealth countries and more in low-wealth countries. Now, if all barriers to international financial transactions are removed, borrowers in ________ countries lose and lenders in ________ countries gain.
A. low-wealth; high-wealth B. high-wealth; high-wealth C. low-wealth; low-wealth D. high-wealth; low-wealth