In a Market Economy, Which of the Following Would Most

question 167

Multiple Choice

In a market economy, which of the following would most likely cause a prolonged grain surplus?

• A) a decrease in the demand for grain
• B) an increase in the supply of grain
• C) imposition of a price floor above the equilibrium price of grain
• D) imposition of a price ceiling below the equilibrium price of grain

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Definitions:

Longitudinal Study

A research method that studies the same participants over a period of time, allowing for the observation of changes or development.

Life Span

The maximum or typical length of time an organism is expected to live, from birth till death.

Intelligence

The ability to learn from experience, solve problems, and use knowledge to adapt to new situations. It encompasses a range of aptitudes, skills, and talents.

Heritability

The proportion of variation among individuals in a group that we can attribute to genes. The heritability of a trait may vary, depending on the range of populations and environments studied.