The most glaring economic problem in the former Soviet Union was
A. a shortage of military goods.
B. a surplus of military goods.
C. a shortage of civilian goods.
D. a surplus of civilian goods.
C. a shortage of civilian goods.
You might also like to view...
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
The figure above shows the market for milk. If the efficient quantity of milk is produced, the consumer surplus is
A) $100. B) $400. C) $200. D) $600.
To maintain their incomes when the selling price of a bushel or bale dropped, most farmers
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.