Use the Following to Answer Questions

question 52

Multiple Choice

Use the following to answer questions:
Figure: Demand and Supply of Gasoline
-(Figure: Demand and Supply of Gasoline) Look at the figure Demand and Supply of Gasoline. A factor that may have changed supply from S₁ to S₂ is:

• A)better technology in the production of gasoline.
• B)increased demand.
• C)lower labor productivity in gasoline production.
• D)increased prices of substitutes in production for gasoline.

---

Definitions:

Federal Money

Funds allocated by the national government for various programs, projects, and services, often distributed to states or localities.

Barry Goldwater

A U.S. Senator from Arizona and the 1964 Republican nominee for President, known for his conservative positions and as a catalyst for the resurgence of American conservatism.

Welfare State

A social system in which the government takes responsibility for the welfare of its citizens, providing services such as healthcare, education, and financial support.

Robert Mcnamara

A prominent figure in U.S. history who served as the Secretary of Defense during the Vietnam War and later as the President of the World Bank.