If the Federal Government Sets a Minimum Price for Wheat

question 375

Multiple Choice

If the federal government sets a minimum price for wheat at $5.00 per bushel when the equilibrium price is $4.50, then

• A) a surplus will be created causing the price to fall to the equilibrium price of $4.50.
• B) a permanent surplus will develop because the government established the minimum price at $5.00.
• C) a shortage will be created causing the price to rise to the equilibrium price of $4.50.
• D) a permanent shortage will develop because the government established the minimum price at $5.00.

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Definitions:

Personnel File

A collection of records pertaining to an employee, including personal information, employment history, and performance evaluations.

Personnel File

A record maintained by an employer containing the employment history, personal information, and other relevant documents related to an employee.

Informal Channels

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Existential Philosophy

A branch of philosophy concerned with human freedom, choice, and the search for meaning in an apparently chaotic and indifferent universe.