A Price Floor Is

question 178

Multiple Choice

A price floor is

• A)a legal minimum on the price at which a good can be sold.
• B)often imposed when sellers of a good are successful in their attempts to convince the government that the market outcome is unfair without a price floor.
• C)a source of inefficiency in a market.
• D)All of the above are correct.

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Definitions:

Low Morale

A state of diminished enthusiasm, confidence, or discipline among members of a group, often impacting productivity and satisfaction.

Job Satisfaction

The level of contentment employees feel about their work, which can affect their performance and commitment.

High Morale Workplace

An environment where employees are highly motivated, exhibit positive attitudes, and demonstrate a strong sense of company loyalty.

Keeping Promises

The act of fulfilling a commitment or assurance one has made, crucial for building trust and reliability.