________was provided by the Government to expand production only if the government was convinced that the economy required a larger quantity of goods.
(
This question was previously asked in
Shift 07/06/2023 3:30 PM - 6:30 PM
A
License
B
Quota
C
Tariff
D
Subsidy
Correct Answer
License
Detailed Explanation
- The term "License" here refers to a system where the government provided licenses to particular entities or individuals to carry out certain activities or businesses, such as producing or selling certain goods.
- These licenses were often provided by the government to control and regulate the production of goods and services within the economy.
Therefore, the correct answer is (1) License.
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