The USGovernment Restricts the Production of Peanuts by Limiting Production Licenses

question 49

Multiple Choice

The U.S.government restricts the production of peanuts by limiting production licenses.By also prohibiting imports, the government maintains prices well above levels peanut farmers would obtain if supply were not restricted.Economists call this type of program a(n)

• A)price ceiling.
• B)price floor.
• C)opportunity cost.
• D)shortage.
• E)efficiency move.

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Human History

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Divorce Rate

A statistical measure representing the number of divorces per year per a certain number of marriages in a given geographical area.

Historic High

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Nuclear Family

A family unit consisting of parents and their children, often considered the traditional family structure.