-A Price Support Directly Sets the

question 20

Multiple Choice

-A price support directly sets the

• A) highest price for which the good may be sold.
• B) lowest price for which the good may be sold.
• C) amount of production.
• D) equilibrium quantity.
• E) subsidy the government must receive from producers.

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Definitions:

Government Employees

Individuals who work within the various branches of the government (national, state, local) and are paid through the public sector budget.

Private Sector Workers

Employees who work for businesses owned by individuals or entities other than the government or public sector.

Phalanges

The bones of the fingers and toes.

Carpals

The bones that form the wrist, connecting the forearm to the hand.