The Wage and Price Controls of 1971 were an example of
A. free enterprise.
B. a command-and-control approach.
C. a mixed approach.
D. market-based economics.
Answer: B
You might also like to view...
Hot dogs and hot dog buns are complements. If the price of a hot dog falls, then
A) the demand for hot dogs will increase. B) the demand for hot dog buns will increase. C) the quantity demanded of hot dog buns will increase. D) the quantity demanded of hotdogs will decrease. E) the demand for hot dog buns will decrease.
Assume that you are the new CEO of a major corporation that has five major product lines each run as separate corporations
You discover that if you invested the company's money outside of the firm that it could earn a 15% rate of return on the investment. You tell all the presidents of each of these subsidiary companies that in order for them to remain with the company that their return on capital must equal to or exceed 15% rate of return. Use two economic principles discussed in chapter 1 to explain why the CEO's advice is sound.
Colonists owned the vast majority of the tonnage shipped between
a. New England and the West Indies. b. England and the West Indies. c. The Middle colonies and England. d. The South and the West Indies.
In what decade did the U.S. government first decide to intervene in the farm economy?
a. 1950s b. 1930s c. 1970s d. 1960s e. 1980s