An Upper Limit on the Quantity of a Good That

question 159

Multiple Choice

An upper limit on the quantity of a good that can be bought and sold is a:

• A) quota limit.
• B) price ceiling.
• C) price floor.
• D) tariff.

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Definitions:

Locomotion

The ability or action of moving from one place to another, using mechanisms such as walking, flying, or swimming.

Nervous System

The complex network of nerves and cells that carries messages to and from the brain and spinal cord to various parts of the body, controlling and coordinating bodily functions.

Muscles

Tissues in the body that have the ability to contract, enabling movement and force to be applied.

Well-rounded Program

A program designed to cover various aspects or areas to ensure comprehensive development or improvement.