Examlex
A federal grant to states to assist in the building of new public schools is an example of a ________ grant.
Price System
Mechanism that allocates resources, goods, and services based on supply and demand.
Price Ceilings
Price ceilings are regulatory measures that set a maximum price that can be charged for certain goods or services, with the goal of ensuring affordability.
Price Floors
Minimum prices set by the government for certain goods and services, aimed at preventing prices from dropping too low.
Distorted
Refers to a situation where economic actions or outcomes are twisted or skewed due to various factors, such as government intervention or market anomalies.
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