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At a conscious level,Aaron doesn't think he's prejudiced.Yet he automatically feels uncomfortable in situations in which he has to interact with people of races different from his own.Aaron's experience best illustrates the distinction between
Inefficiently High Quality
A form of inefficiency in which sellers offer high-quality goods at a high price even though buyers would prefer a lower quality at a lower price; often the result of a price floor.
Government Imposes
Actions undertaken by a government to enforce regulations, taxes, or penalties on individuals or organizations.
Binding Price Floor
A price floor set above the equilibrium price, causing a surplus because the quantity supplied exceeds the quantity demanded.
Quota
A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time frame.
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