An Example of a Price Floor Is a

question 29

Multiple Choice

An example of a price floor is a

• A) rent control.
• B) minimum wage.
• C) subsidy.
• D) quota.

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Definitions:

Flexible Thinking

The ability to adapt thoughts and behaviors in response to changing circumstances or new information.

Brainstorming

A group discussion technique aimed at generating a wide range of ideas or solutions to a problem, without immediate criticism or evaluation.

Acculturation

The process by which individuals or groups adopt the culture of another group, often through direct contact and interaction.

Groupthink

A psychological phenomenon in which the desire for harmony and conformity in a group leads to irrational or dysfunctional decision-making outcomes.