Examlex
The critical dimension of procedural justice involving the perception that group opinions were considered when a decision was made is called:
Shortage/Surplus
A market condition where the quantity demanded exceeds the quantity supplied (shortage) or the quantity supplied exceeds the quantity demanded (surplus).
Price Ceiling
a legally imposed maximum price on goods or services, above which they may not be sold to prevent market prices from rising too high.
Price Floor
A government or regulatory-imposed price control that sets the minimum price at which a good can be sold, often to protect producers or encourage certain activities.
FICA Tax
The Federal Insurance Contributions Act (FICA) tax is a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare programs.
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