Universal Price Controls in the Soviet Union

question 108

Multiple Choice

Universal price controls in the Soviet Union:

• A) led to widespread prosperity.
• B) harmed powerful interests in the short run.
• C) caused never-ending shortages and misallocations.
• D) meant no one ever had to wait in line.

---

Definitions:

Production Departments

Divisions or areas within a manufacturing facility where specific types of products or components are produced.

Multiple Production Department Rates

A method of applying overhead to products in which overhead costs are first directly traced or distributed to support and production departments.

Overhead Costs

Indirect expenses related to running a business that are not directly tied to producing a product or service, such as rent and utilities.

Support Department Costs

Expenses incurred by service departments that assist other units of a business, not directly involved in production.