When Several Hurricanes Hit Florida in 2004, a Number of Local

question 99

Multiple Choice

When several hurricanes hit Florida in 2004, a number of local governments imposed price controls that prevented sellers from raising their prices for badly needed products like plywood and generators. In the areas where the controls were imposed, they resulted in

• A) an expanded availability of these badly needed products.
• B) a reduced availability of these badly needed products.
• C) an increase in the speed with which people recovered from the hurricanes.
• D) a more efficient allocation of these goods for which price controls were in effect.

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Definitions:

Factory Payroll

The total amount of wages and salaries payable to employees working in the manufacturing operations of a company.

Materials Ledger Card

A record-keeping document used in inventory management that tracks the quantities, costs, and transactions related to a particular inventory item.