What Made It Impossible for the National Recovery Administration (NRA)to

question 34

Multiple Choice

What made it impossible for the National Recovery Administration (NRA) to regulate business effectively?

• A) Large businesses that employed more workers were excluded from the agency's charge.
• B) The codes written by industry leaders tended to serve the interests of corporations only.
• C) The code system was so complicated that neither the government nor the corporations could interpret it effectively.
• D) The government's NRA public relations campaign actually discouraged Americans from patronizing NRA businesses.

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Definitions:

Quantity Supplied

The complete quantity of a product or service that sellers are ready and capable of offering for sale at a specified price point in the marketplace.

Demand

The total amount of goods or services that consumers are willing and able to purchase at various prices during a specified period.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that consumers are willing to buy.

Price Ceiling

A government-imposed limit on how high the price of a product or service can be charged in the market, aimed at protecting consumers from high prices.