One Way to Ensure All Producers Benefit from a Price

question 155

Multiple Choice

One way to ensure all producers benefit from a price floor is to:

• A) give a government guarantee to buy all surplus.
• B) ration a certain quantity per consumer.
• C) ration a certain quantity per producer .
• D) All of these are examples of ensuring all producers benefit using non-price methods.

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Definitions:

Quality Of Work

Refers to the degree to which a task or output meets predetermined standards and satisfies the needs of clients or customers.

Human Resource

The department within a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs.

Self-directed Teams

Groups of employees who are given the autonomy to plan, execute, and monitor their own tasks and projects within a company.

Supervisors

Individuals responsible for overseeing and guiding the activities of employees or workers within an organization.