If Government Establishes a System of Price Supports, It Is

question 99

Multiple Choice

If government establishes a system of price supports, it is in effect setting a

• A)price ceiling.
• B)price floor.
• C)maximum level of output.
• D)minimum level of output.

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Definitions:

George Dorsey

If specific and relevant to a historical figure or contemporary individual, information is not available; otherwise might be considered NO without specific context.

Marshall Plan

A U.S. program providing aid to Western Europe following the devastation of World War II, aimed at rebuilding economies and preventing the spread of communism.

African American Veterans

Military service members of African descent who served in the United States Armed Forces, often facing segregation and discrimination both during service and in post-service life.

Civil Rights Movement

A decades-long struggle during the mid-20th century in the United States, aiming to end racial segregation and discrimination against African Americans and secure legal recognition and federal protection of citizenship rights.