Price Controls on Gasoline

question 10

Multiple Choice

Price controls on gasoline:

• A) increase consumer surplus for all consumers.
• B) create a shortage of gasoline.
• C) create a surplus of gasoline.
• D) increase producer surplus for all producers.

---

Definitions:

Recognition Test

A method of assessing memory by asking individuals to identify previously encountered items among novel ones.

Neisser

A psychologist known for his work in cognitive psychology and his contributions to the understanding of memory and cognition.

Laboratory Studies

Research conducted in a controlled environment where variables can be manipulated to observe their effects on the subject.

Flashbulb Memory

A phenomenon in which people recall their personal circumstances (e.g., where they were, whom they were with, what they were doing) at the time they heard of or witnessed an unexpected and very significant event (e.g., an assassination, a natural disaster).