Which Statement Is True

question 94

Multiple Choice

Which statement is true?

• A)Rent control is a price floor.
• B)A usury law is a price floor.
• C)The minimum wage law is a price floor.
• D)None of these statements are true.

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Definitions:

Cooperative Basis

A foundational principle for organizations or enterprises that are owned and run jointly by their members, who share the profits or benefits.

Private Property

The legal right to own, use, and manage property, which is protected by law from unauthorized use by others.

Robert Owen

A 19th-century Welsh social reformer and one of the founders of utopian socialism and the cooperative movement.

Model Factory Village

A planned community designed during the Industrial Revolution to house factory workers, often including amenities and facilities intended to improve workers' living conditions and productivity.