Which of the Following Is False

question 10

Multiple Choice

Which of the following is false?

• A) When the U.S.government imposed price ceilings on gasoline,the result was a surplus of gasoline.
• B) When the U.S.government imposed price ceilings on gasoline,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:

Genetic Manipulation

The process of artificially modifying the genetic structure of an organism to achieve desired traits, also known as genetic engineering.

Global Warming

The gradual worldwide increase in average surface temperature.

Brym And Lie

Authors known for their contributions to sociological literature, particularly in textbooks on sociology.

Disadvantaged

Referring to individuals or groups facing social, economic, or physical challenges that impede their ability to compete equally in society.