Which of the Following Is the Most Likely Explanation for the Imposition

question 79

Multiple Choice

Which of the following is the most likely explanation for the imposition of a price floor in the market for corn?

• A) Policymakers have studied the effects of the price floor carefully and they recognize that the price floor will improve the efficiency of resource use.
• B) Buyers and sellers of corn have agreed that the price floor is good for both of them and have therefore pressured policy makers into enacting the price floor.
• C) Buyers of corn, recognizing that the price floor is good for them, have pressured policy makers into enacting the price floor.
• D) Sellers of corn, recognizing that the price floor is good for them, have pressured policy makers into enacting the price floor.

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Definitions:

Social Unionism

An approach to unionism focusing on broader social and economic goals beyond the immediate workplace concerns, promoting social justice and equality.

Passive Union Membership

The status of union members who do not actively participate in union activities or governance, often merely paying dues.

Union Density

The percentage of workers in a specific area or industry who are union members, reflecting the strength or influence of unions.

Union Density

The percentage of workers in a particular sector or economy who are union members.