Reading 1/1:
D. Economists uisagreed with win. weisun
C. Economists totally agreed with Mr. Nelson's decision.
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D. Economists thought the decision was rational.
4) Which of the following statements is NOT true about price hikes?
A. Price hikes reduce the pressure on supplies.
B. Price hikes help raise public awareness about scarcity.
C. Price hikes make it more difficult for people to recover from disasters.
D. Price hikes encourage supplies to be moved to places that have higher demand.
5) Artificially low prices
A. reduce both demand and supply.
make customers stock more than they need.
C. help balance demand and supply.
Next Question
D. limit artificial shortages.
Next Reading
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6) What does "price-gouging" mean?
increasing prices for essential goods and services
6ABCD
restraining prices during natural disasters
suppressing prices
creating artificially low prices
7) The example of gasoline sold during a storm shows that sometimes water is more expensive than petrol.
ABCD
the government can fix prices without problems.higher prices encourage people to use less.
renewable energy is better than gasoline.
According to the last paragraph, what is the author's view on price increases during natural disasters?
Price increases have no impact on natural disasters and are therefore irrelevant.
ABCD
Price increases are necessary to encourage people to cope with natural disasters in a creative way.
Price increases can be problematic for consumers and should only be used in extreme cases.Price increases should be avoided during natural disasters to prevent problems for consumers.
