After a Hurricane, the Prices of Many Items Rise

question 309

Multiple Choice

After a hurricane, the prices of many items rise. How BEST might the government help poor people be able to afford to buy goods and services?

• A) institute price controls at pre-hurricane prices
• B) set prices at zero, so consumers can buy what they need without financial distress
• C) give poor people debit cards for use in purchasing essential items, while leaving prices unregulated
• D) institute a wage freeze to keep the costs of production from rising too rapidly

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Definitions:

Holder in Due Course

A party possessing a negotiable instrument (like a check) in good faith and for value, with certain protections against claims and defenses.

Payable to Cash

A term indicating that a check or other document is made out to "Cash" instead of a specific payee, allowing anyone who holds it to cash it.

Voluntary Transfer

The intentional conveyance of property or rights from one party to another without coercion or force.

Unauthorized Signature

A signature made without the expressed permission of the person purported to have signed, potentially leading to legal or financial complications.