If the Government Prevents the Market Price from Rising Above

question 14

Multiple Choice

If the government prevents the market price from rising above $10, it can set a/an:

• A) optimum price.
• B) minimum price.
• C) price ceiling.
• D) price floor.

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Definitions:

CERCLA

Comprehensive Environmental Response, Compensation, and Liability Act; a federal law designed to clean up sites contaminated with hazardous substances.

Hazardous Waste

Waste material that can pose a threat to public health or the environment due to its toxic, corrosive, ignitable, or reactive properties.

Superfund

A program by the U.S. federal government aimed at financing the remediation of locations polluted with hazardous materials and substances.

Strict Liability

A legal principle where a party is held responsible for damages or losses without need to prove negligence or fault.