Which of the Following Statements About Supply and Demand Relationships

question 71

Multiple Choice

Which of the following statements about supply and demand relationships and their effects on pricing structure is NOT ?

• A)The relatively high U.S.wage rate has adversely affected demand for U.S.produced goods
• B)There are a few common cost factors which affect many basic U.S.industries
• C)Sources of raw materials imported to the U.S.may be cut off,greatly increasing the cost of producing with those materials from other sources
• D)All of the above are true

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Definitions:

Jim Crow Laws

Racial segregation laws enacted in the late 19th and early 20th centuries in the Southern United States, which enforced racial segregation and disenfranchised African Americans.

Extreme Wealth

Refers to the possession of financial assets and resources that vastly exceed those of the average individual, often to the point of allowing significant influence over economic and political processes.

Social Problem

Issues within a society that are viewed as undesirable, harmful, or needing address, such as poverty or discrimination.

Extreme Poverty

A condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education, and information, typically measured by international standards.