(A) ** regulate the price of most goods and material of the economy
(B) regulate the price of farming products and wages
(C) regulate printing of money
(D) regulate coupons for rationing
EXPLANATIONS BELOW
Concept note-1: -The OPA had the power to place ceilings on all prices except agricultural commodities, and to ration scarce supplies of other items, including tires, automobiles, shoes, nylon, sugar, gasoline, fuel oil, coffee, meats and processed foods.
Concept note-2: -The government either fixes an absolute price that is charged, or a price range, with a minimum and a maxium. Usually this is done so that goods such as staple food remain affordable. It can also be done to avoid people charging way too much for a good or service, which is known as price gouging.
Concept note-3: -The government sets prices to ensure that specific goods and services are sold fairly to every citizen. Price controls on goods can be set by two types: price ceiling and price floor. It forms a bracket where one is the maximum price and the other is the minimum price.
Concept note-4: -Office of Price Administration (OPA), U.S. federal agency in World War II, established to prevent wartime inflation. The OPA issued (Apr., 1942) a general maximum-price regulation that made prices charged in Mar., 1942, the ceiling prices for most commodities. Ceilings were also imposed on residential rents.