The Rationing Mechanisms That Develop Under Binding Price Floors Are

question 307

True/False

The rationing mechanisms that develop under binding price floors are usually efficient.

---

Definitions:

Negotiable Instruments

Financial documents representing a promise to pay a specific amount of money to the bearer on demand or at a future date, such as checks, drafts, and promissory notes.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or to a specified person.

Legal Entity

A legal entity is an individual or organization that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.

Endorse

To give public approval or support to something or someone, often used in the context of brands, policies, or candidates.