Why did the U.S. government use rationing for some foods and consumer goods during World War III?
a) to guarantee each civilian a minimum standard of living in wartime
b) to keep sellers from raising prices on necessary goods
c) because the English government had also decided on rationing
d) to earn more money to support the military
Ans: a) to guarantee each civilian a minimum standard of living in wartime
You might also like to view...
A change in financial technology that reduces the need to hold cash balances ________ the demand for money and ________ the equilibrium nominal interest rate
A) increases; raises B) decreases; lowers C) increases; lowers D) decreases; raises E) decreases; does not change
The natural rate hypothesis states that when the inflation rate
A) increases, the unemployment rate will decrease permanently. B) changes, the unemployment rate changes temporarily and eventually returns to the natural unemployment rate. C) decreases, the inflation rate will decrease permanently. D) changes, the change is only temporary, and eventually the inflation rate returns to the natural inflation rate. E) increases, the natural unemployment rate increases.
The most powerful tool unions have at their disposal when bargaining with management is
A) the Taft-Hartley Act. B) the ability to strike. C) the secondary boycott. D) the power of pure competition.
Vertical equity is the concept that people with different levels of income should be treated differently
a. True b. False Indicate whether the statement is true or false