If a Shortage Exists for a Good in a Free-Market

question 176

Multiple Choice

If a shortage exists for a good in a free-market economy, the

• A) price of the good will rise.
• B) price of the good will fall.
• C) government will order suppliers to increase the production of that good.
• D) government must establish a rationing system to make sure that the good is fairly distributed.

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Definitions:

Axons

Long, threadlike parts of nerve cells along which impulses are conducted from the cell body to other cells.

Long Wavelengths

Electromagnetic waves with relatively great lengths, often associated with lower energy and frequency, such as those in radio and infrared spectrum.

Visual Cortex

The region of the brain located in the occipital lobe responsible for processing visual information.

Feature Detectors

Specialized neurons in the brain that are activated by specific stimuli, such as shapes, angles, or movement.