Which of the Following Were NOT Related to the Price

question 2

Multiple Choice

Which of the following were NOT related to the price controls that existed during World War II?

• A)Price ceilings facilitated the formulation of black markets for automobiles.
• B)A black market for meat formed,referred to as "meat-easys," due to a price ceiling on meat.
• C)Price ceilings created an excess demand of consumer durable goods.
• D)Despite price ceilings,hidden price increases were realized through deterioration in the quality of goods.

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Definitions:

Federal Competition Act

Legislation aimed at promoting and maintaining fair competition practices in the marketplace by regulating anti-competitive practices in a federal jurisdiction.

Contributions

Donations or payments made towards a particular cause, project, or to fulfill a requirement in a group effort.

Dwellings

Residential structures where people live, such as houses, apartments, and other habitable buildings.

Consumers

Individuals or groups who purchase goods and services for personal use.