Each of the Following Is an Example of the Price

question 150

Multiple Choice

Each of the following is an example of the price mechanism at work,except when

• A)wage and price controls were used during World War II to control inflation.
• B)consumers curtailed driving their cars when the price of gasoline increased dramatically in 2005.
• C)American farmers during World War I expanded production on previously unused land in response to higher crop prices.
• D)factories of gas-guzzling automobiles shut down when the price of gasoline triples in less than three months.

---

Definitions:

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs, leading to addiction or dependence.

DSM-5

A crucial resource for healthcare workers, the Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, provides an authoritative framework for identifying mental health issues.

Addictive Disorder

A psychological disorder marked by the inability to resist engaging in behaviors that offer immediate gratification, even when such actions lead to harmful outcomes.

Gambling Disorder

A mental health condition characterized by the inability to control the urge to gamble, leading to significant social, financial, and personal distress.