A Good Example of a Price Floor Is

question 189

Multiple Choice

A good example of a price floor is:

• A) rent controls on apartments in major cities.
• B) general admission tickets to concerts.
• C) the minimum wage law.
• D) food stamp regulations.
• E) rock concert tickets.

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Definitions:

Halo Effect

The tendency to form an overall positive impression of a person based on one positive characteristic.

Predicts Future Behavior

The act of using current and past information to make informed guesses about future actions or trends.

Trait

A characteristic or quality of an organism, which can be physical or behavioral, genetically determined or acquired.

Guilt

A cognitive or emotional experience that occurs when a person believes or realizes—accurately or not—that they have compromised their own standards of conduct or have violated a moral standard and bear significant responsibility for that violation.