All of the Following Are Associated with the War Industries

question 4

Multiple Choice

All of the following are associated with the War Industries Board except

• A) the negotiation of the prices of key industrial products.
• B) developing and implementing the bulkline pricing system to determine industrial prices that maximized output.
• C) the unintended consequence of the "priorities inflation" of contracts.
• D) establishing and enforcing minimum wages for manufacturing workers.

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Definitions:

Equilibrium Quantity

Equilibrium quantity is the quantity of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.

Gallon

A unit of volume measurement in the U.S. customary units and the British imperial systems, used primarily for measuring liquids.

Gasoline

A fuel derived from petroleum, used primarily in internal combustion engines.

Smokestack Scrubber

Pollution control devices that remove or neutralize hazardous components from industrial exhaust streams, often used in power plants.