Examlex

Solved

Which of the Following Does Not Belong in a List

question 34

Multiple Choice

Which of the following does not belong in a list of mass production in an automobile company such as Ford?


Definitions:

Shortage

A situation where the demand for a product or service exceeds the supply available at a given price.

Equilibrium Price

The price at which the quantity of a product offered is equal to the quantity of the product in demand.

Government Imposes

Refers to regulations, taxes, or policies that a government enforces or puts into effect in order to manage the country's affairs.

Floor

The minimum price or wage level that is legally or otherwise formally set, below which the actual price or wage cannot fall.

Related Questions