Which of the Following Is NOT an Example of a Supply

question 92

Multiple Choice

Which of the following is NOT an example of a supply shock?

• A)A drought in the Midwest
• B)A decline in natural gas prices following discovery of new fields
• C)The introduction of a new line of computer-controlled machine tools in manufacturing
• D)A substantial increase in federal government spending on medicare

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Definitions:

Japanese Internment

Japanese internment refers to the forcible relocation and incarceration of Japanese Americans and Japanese nationals in camps during World War II by the United States government.

Supreme Court

The highest judicial body in the United States, tasked with interpreting the Constitution and reviewing the legality of legislative and executive decisions.

Native Americans

The first inhabitants of America and their descendants, who lived on the continent long before European explorers arrived.

War

A state of armed conflict between different countries or different groups within a country, involving organized aggression and often formal declaration.