Which of the Following Is an Example of a Price

question 52

Multiple Choice

Which of the following is an example of a price floor?

• A) a law passed in a city to lower apartment rents by setting the maximum price that can be charged for rent
• B) an equilibrium price
• C) a minimum wage law
• D) a law setting the highest price that can legally be charged for a gallon of gasoline.
• E) None of the above answers give examples of a price floor.

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Definitions:

Attributions

Explanations for the causes of behaviors or events, often categorized as internal (personal) or external (situational) in nature.

Controllability

The degree to which a situation or event can be controlled or influenced by actions, often related to the perceptions of individuals about their own efficacy in managing circumstances.

Personal Space Zone

An area around individuals which they regard as psychologically theirs, invasion of which can cause discomfort or distress.

Personal Territories

Areas or spaces that individuals consider their own, marking them off from others to maintain privacy and control.