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Mel Is Shopping Around for a High-Definition TV

question 235

True/False

Mel is shopping around for a high-definition TV.For Mel,the high-definition TV is a shopping good.


Definitions:

Usury Law

Legislation regulating the maximum interest rate that can be charged on a loan, to protect consumers from excessively high rates.

Minimum Wage Law

Legislation that sets the lowest hourly wage rate that an employer can legally pay its workers.

Gas Lines

Queues of vehicles waiting to fuel up, sometimes seen during periods of fuel shortages.

Price Ceilings

Government-imposed limits on how high a price can be charged for a product, service, or commodity, usually intended to protect consumers.

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