Resources Are Directed from One Industry to Another by

question 27

Multiple Choice

Resources are directed from one industry to another by

• A)Changes in market prices.
• B)Market failure.
• C)Government failure.
• D)None of the choices are correct.

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Definitions:

Constitutional Amendment

A formal change or addition proposed to the Constitution, requiring a specific process of approval and ratification.

Unfriendly Witnesses

Individuals called to testify in a legal setting who are either unwilling or hostile, making their testimonies potentially difficult to obtain or unreliable.

Motion Picture Association of America (MPAA)

Since the mid-1940s, the film industry’s principal trade organization. See also Motion Picture Producers and Distributors of America.

Hollywood Ten

A group of film directors and screenwriters who were blacklisted in Hollywood during the late 1940s and 1950s because of their alleged communist ties or sympathies.