Which Term Refers to a Legally Established Minimum Price That

question 172

Multiple Choice

Which term refers to a legally established minimum price that firms may charge?

• A)A price ceiling
• B)A subsidy
• C)A price floor
• D)A tariff

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Definitions:

Big Five Trait

Components of a personality theory that outlines five broad dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Traits

Enduring personal qualities or attributes that influence behavior, thoughts, and emotions.

Achievement-Striving

A personality trait characterized by a strong desire to accomplish significant tasks and meet high standards of performance.

Self-Discipline

The ability to control one's feelings and overcome one's weaknesses; the ability to pursue what one thinks is right despite temptations to abandon it.