A Regulation That Sets the Lowest Price at Which It

question 16

Multiple Choice

A regulation that sets the lowest price at which it is legal to trade a good is a

• A) search ceiling.
• B) price floor.
• C) production ceiling.
• D) price ceiling.
• E) subsidy.

---

Definitions:

Cross-examination

A stage in a legal trial where one party questions a witness called by the opposing party to challenge the testimony given.

Prosecution's Witness

A witness called by the prosecution in a criminal case to testify in support of the case against the defendant.

Voir Dire

A legal process in court where judges and lawyers question prospective jurors to determine their suitability for serving on a jury, ensuring impartiality and fairness.

Federal Circuit

A U.S. federal court of appeals that has specialized jurisdiction, mainly hearing cases on patent law and those appealed from certain federal claims courts.