Which of the Following Is True of the National Recovery

question 187

Multiple Choice

Which of the following is true of the National Recovery Administration?

• A) The staff of the NRA diligently protected the interests of small businesses in the drafting of industry-wide codes.
• B) The NRA was controlled by intellectuals who were guided by abstract concepts rather than economic reality.
• C) The NRA quickly demonstrated that centralized economic planning was the key to economic recovery.
• D) Many of the industry-wide codes established by the NRA reflected the interests of major corporations rather than those of small-business owners or consumers.

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Definitions:

Transaction

Any agreement or exchange between two parties where goods, services, or money are passed from one to the other.

Pay Phone

A public telephone that operates with the insertion of coins or by credit card payment.

Economic Theory

A collection of theories and frameworks that describe the workings of economies and the interactions between economic participants.

Communications

The act or process of exchanging information and ideas through various mediums and platforms.