According to the text, during World War II rationing was conducted in the U.S. through the use of
A) queuing.
B) lotteries.
C) coupons.
D) sharing.
Answer: C
You might also like to view...
Unless demand is changing, price and quantity will
A) be proportionate. B) move in opposite directions. C) move in the same direction. D) fluctuate cyclically. E) remain constant.
In the short run, a monopolist will shut down when
a. average total cost is greater than price at all output levels b. average variable cost is greater than average fixed cost at all output levels c. price is greater than average variable cost at all output levels d. average fixed cost is greater than price at all output levels e. average variable cost is greater than price at all output levels
Which of the following does the U.S. currently have?
a. means-tested government benefits and tax laws that tax capital income only once b. means-tested government benefits and tax laws that tax some capital income twice c. tax laws that tax capital income only once, but not means-tested government benefits d. tax laws that tax some capital income twice, but not means-tested government benefits
Which of the following statements accurately describes the U.S. balance of payments in 2017?
a. The balance on goods and services was a positive value.
b. The balance of trade was a positive value.
c. The balance of services was a positive value.
d. The current account balance was a positive value.