In Free and Competitive Markets,surpluses Are Eliminated by

question 86

Multiple Choice

In free and competitive markets,surpluses are eliminated by

• A)government price controls.
• B)government purchases.
• C)black markets.
• D)price increases.
• E)price decreases.

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Definitions:

Procedural Memory

The aspect of long-term memory that enables people to perform tasks without conscious awareness of having learned them, such as riding a bike.

Episodic Memory

The type of long-term memory that involves the recollection of specific events, situations, and experiences.

Roller Skate

A shoe, or a device attached to a shoe, outfitted with small wheels for skating on hard surfaces.

Procedural Memory

A type of long-term memory involved in the acquisition of skills and how to perform tasks.