You Can Create Your Own Ruler Guides by Simply Placing

question 4

Multiple Choice

You can create your own ruler guides by simply placing the pointer over the ____ ruler.

• A) horizontal
• B) vertical
• C) either a. or b.
• D) neither a. nor b.

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Definitions:

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or commodity, usually intended to protect consumers from excessive costs.

Economic Effects

The consequences of a particular policy or economic event on the welfare of the economy.

Price Floor

A government-imposed minimum price for a product or service, intended to prevent prices from falling below a certain level.

Economic Effects

The impact of financial activities on the welfare of an economy, which can include changes in employment, income distribution, and growth rates.