Which of the Following Is False

question 78

Multiple Choice

Which of the following is false?

• A) In 1965 and 1969 the U.S. federal government imposed price ceilings on gasoline.
• B) When the government imposed price ceilings on gasoline in the U.S., the result was a shortage of gasoline.
• C) If a price ceiling is imposed (below the equilibrium price) in a given market, the result is a shortage in that market.
• D) First-come-first-served is a commonly used rationing device.

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Definitions:

Disillusionment

A feeling of disappointment arising from the discovery that something is not as good as one believed it to be.

Internship Stage

A period or phase in professional development where individuals gain practical experience in their field of study through temporary work assignments.

Exploration Stage

The exploration stage is a phase in a person's career development where they are actively seeking out and considering various occupational paths and opportunities.

Skills And Knowledge

The abilities and information acquired through experience or education that enable an individual to perform tasks effectively.