The Blat Economy Described in the Text Results When Price

question 174

Multiple Choice

The blat economy described in the text results when price controls are:

• A) extensive and cause chronic shortages in the economy.
• B) extensive but the causes of shortages in the economy are only temporary.
• C) short-lasting but cause chronic shortages in the economy.
• D) short-lasting and cause only temporary shortages in the economy.

---

Definitions:

Unemployment Rate

Number of unemployed divided by the labor force.

Property Income

Income received by owners of property for the use of their property, such as rent.

Women

Female human beings, often referred to in contexts relating to gender-specific experiences, roles, rights, and social contributions.

Poverty Rate

The percentage of the population that lives below the national poverty line, indicating the proportion of individuals or families with income levels below what is necessary for basic living conditions.