Likely the most significant example of federal price controls in the United States, in terms of value of regulated market, came in the market for:
A) coal.
B) housing.
C) automobiles.
D) oil.

Question

Quizplus · Accepted Answer

The most significant example of federal price controls in the United States, in terms of value of regulated market, came in the market for oil. This occurred during the 1970s when the federal government established price controls in response to the oil crisis. The controls resulted in shortages and long lines at gas stations, and ultimately had to be lifted in order to restore market equilibrium.

Likely the Most Significant Example of Federal Price Controls in the United