Which Development of the 1920s Made It Easier for Ordinary

question 40

Multiple Choice

Which development of the 1920s made it easier for ordinary people to obtain new consumer goods such as refrigerators, washing machines, and stoves?

• A) Warehouses sold electrical appliances directly to the consumer at dramatically reduced prices.
• B) Lower-priced manufactured goods from the colonies, produced by low-paid native labor, were introduced.
• C) Installment buying allowed families to pay for goods over time.
• D) The government sponsored loans that were intended to improve veterans' standard of living.

Identify the conditions under which price controls and quantity controls may lead to inefficiencies in markets.

Assess the implications of various forms of government interventions on the allocation of resources and market outcomes.

Understand the principles and outcomes of different types of reinforcement and punishment in behavior modification.

Explain the process and effects of classical conditioning.

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Definitions:

Asian Descent

Denotes individuals whose ancestry can be traced back to Asia.

Odd Number

An integer not divisible by two, differing from even numbers, and having a remainder of one when divided by two.

Odds

A measure of the likelihood of a specific outcome in an event, often used in gambling and statistics.

Probability

The extent to which an event is likely to occur, measured by the ratio of the favorable cases to the whole number of cases possible.