Which of the Following Is False

question 78

Multiple Choice

Which of the following is false?

• A) In 1965 and 1969 the U.S. federal government imposed price ceilings on gasoline.
• B) When the government imposed price ceilings on gasoline in the U.S., the result was a shortage of gasoline.
• C) If a price ceiling is imposed (below the equilibrium price) in a given market, the result is a shortage in that market.
• D) First-come-first-served is a commonly used rationing device.

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Definitions:

Nat Turner

An enslaved African American preacher who led a four-day rebellion of enslaved and free black people in Southampton County, Virginia in 1831.

Religious Man

A person, typically male, who lives in accordance with the beliefs, practices, and ethical values of his religion.

Public Debate

A discussion or argumentation among citizens or public figures on issues of societal concern.

Morality

Concerns the differentiation of intentions, decisions, and actions between those that are distinguished as proper and those that are improper.