A Government-Set Price Floor on a Product

question 62

Multiple Choice

A government-set price floor on a product

• A) does not interfere with the rationing function of price in a market system.
• B) will drive resources away from the production of the product.
• C) will attract more resources toward the production of the product.
• D) is intended to benefit the buyers of the product.

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Definitions:

Electroencephalogram

A test that measures electrical activity in the brain using small, flat metal discs attached to the scalp.

Electromyogram

An electromyogram (EMG) is a diagnostic test that measures the electrical activity generated by muscles in order to assess their health and function.

Pacemaker Cells

Specialized heart cells that control the heart's rate by generating and conducting electrical signals.

Left Atrium

One of the four chambers of the heart, receiving oxygen-rich blood from the lungs and pumping it into the left ventricle.