Which of the Following Is an Accurate Statement About the Consequence

question 153

Multiple Choice

Which of the following is an accurate statement about the consequence of a binding price floor?

• A) Binding price floors do not allow sellers to receive a higher price if they sell the product in the legal market.
• B) Binding price floors encourage the formation of a black market.
• C) Binding price floors discourage the formation of a black market.
• D) Binding price floors create a shortage of the product.
• E) Binding price floors cause consumers to want to purchase more of the product in the legal market.

---

Definitions:

Measurable Criterion

A quantifiable or assessable standard used to evaluate the success or effectiveness of a program or project.

Training Objective

The specific goal or outcome that a training program aims to achieve, which guides the development, delivery, and evaluation of the training.

RFP

Request For Proposal, a document that solicits bid proposals from potential suppliers or contractors for a specific project or service.

Training Needs

The gap between current capabilities and the skills required for a specific job or task, which can be identified through an analysis to inform targeted training programs.