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Of the Following, Which One Is a Permanent, Life-Long Reflex

question 28

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Of the following, which one is a permanent, life-long reflex?


Definitions:

Price Floors

A government- or group-imposed minimum price set above the equilibrium price, preventing market prices from dropping below it.

Profits

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Total U.S. Income

The aggregate pre-tax income earned by individuals and entities within the United States in a given period.

Land Rent

Payment made for the use of land, reflecting its productivity, location, and value form a part of real estate economics.

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