Question

The National Industrial Recovery Act set up the National Recovery Administration which: a. was an economic policy later adopted successfully in Hitler’s Germany. b. encouraged "cutthroat" competition between businesses. c. established codes that set standards for production, prices, and wages in several industries. d. established codes that continued the open-shop policies of the 1920s. e. was never passed.

Answer 1

c. established codes that set standards for production, prices, and wages in several industries.

Step-by-step explanation:

The National Industrial Recovery Act, 1933 was a United States of America labour and consumer law passed to protect companies. This law encourages encourages fair wages and prices which helped towards the recovery of the economy of the country.

The National Recovery Administration tried to succeed in the aim but failed as a result of them encouraging increase of wage but lowering employment.

Answer 2

C. Established codes that set standards for production, prices, and wages in several industries.

Step-by-step explanation:

The National Industrial Recovery Act (NIRA) was part of the New Deal, a series of countercyclic policies on economies set by Franklin Delano Roosevelt to deal with the effects of the Great Depression. The National Industrial Recovery Act, set in 1933, consisted on a series of codes and standards for production, prices and wages in US industries, whose practical effects were the cartelization of industries and the appearance of the 'Big State' by the introduction of central planning elements within market economy.

Therefore, the right answer is C.