If a Shortage Exists for a Good in a Free-Market

question 291

Multiple Choice

If a shortage exists for a good in a free-market economy,the:

• A) Price of the good will rise.
• B) Price of the good will fall.
• C) Government will order suppliers to increase the production of that good.
• D) Government must establish a rationing system to make sure that the good is fairly distributeD.

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Definitions:

Intravenous Infusion

The administration of liquid substances directly into a vein through an IV line.

Eye Examinations

Medical evaluations performed to assess vision and diagnose eye diseases, involving tests of visual acuity, eye pressure, and examination of the eye's interior.

Safety Strips

Adhesive or non-adhesive strips applied to surfaces to increase traction and minimize the risk of slips and falls, often used in bathrooms and on stairs.

Ankle Restraint

A device used to limit the movement of the ankles to prevent self-harm or disrupt care.