When the Polio Vaccine First Became Available in the United

question 53

Multiple Choice

When the polio vaccine first became available in the United States, the government controlled the price with an effective price ceiling. Production of the vaccine was not sufficient to fill all orders and the government had to regulate its distribution. Had the vaccine been sold without government intervention, the shortage would have been eliminated by price:

• A) falling, quantity demanded decreasing, and supply increasing.
• B) falling, demand decreasing, and supply increasing.
• C) rising, demand decreasing, and quantity supplied increasing.
• D) rising, quantity demanded decreasing, and quantity supplied increasing.

---

Definitions:

Company's Intranet

A private network accessible only by an organization's staff, generally used for sharing information, operational systems, or services within the company.

Lead-The-Market Pay Strategy

A compensation strategy where an organization aims to offer wages higher than the average market rate to attract and retain top talent.

Direct Applicants

Individuals who apply for a position directly with an employer, without intermediaries like recruiters or agencies.

Internal Recruitment

The process by which a business or organization seeks to fill vacancies from within its existing workforce, rather than by hiring externally.