Examlex

Solved

In Cohesive Communities, _________ May Develop

question 77

Short Answer

In cohesive communities, _________ may develop.This is characterized by mutual trust, a willingness to intervene in the supervision of children, and the maintenance of public order.


Definitions:

Price Floor

A government-imposed minimum price set above the equilibrium price, preventing market prices from falling below a certain level.

Shortage

The occurrence of demand for a certain product or service outpacing the supply in the marketplace.

Surplus

The amount of an asset or resource that exceeds the portion that is actively utilized; in economic context, it often refers to excess production or budgetary surplus.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or commodity, often to protect consumers.

Related Questions