Ultimately Repealing the Price Controls on Gasoline and Oil

question 94

Multiple Choice

Ultimately repealing the price controls on gasoline and oil:

• A)led to permanently higher gasoline prices.
• B)led to a higher supply of gasoline and lower prices.(True Answer )Correct
• C)was disastrous as the market collapsed due to a lack of government regulation.
• D)was not able to eliminate the shortages of gasoline in the United States.

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Definitions:

Goal-Directed Behavior

Actions or series of actions that an individual initiates and maintains to achieve a specific objective.

Conservation

The principle that certain properties remain the same despite changes in the form of objects, or understanding the permanence of quantity despite changes in the shape or container.

Egocentrism

A cognitive characteristic in which an individual has difficulty seeing the world from perspectives other than their own, often observed in early childhood development.

Object Permanence

The realization that objects still exist even when they are not perceivable through sight, hearing, touch, smell, or any sensory means.