Government Intervention in the Form of Binding Price Floors or Binding

question 14

Multiple Choice

Government intervention in the form of binding price floors or binding price ceilings will:

• A)always enhance the efficiency of the market.
• B)result in either surpluses or shortages.
• C)move the market toward its equilibrium quantity more quickly.
• D)often be seen as necessary to decrease the activity of black markets.

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Definitions:

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A performance appraisal system where an employee receives confidential, anonymous feedback from the people working around them, such as peers, superiors, and subordinates.

360-degree Feedback

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