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To Prevent the Market Price of Tin from Falling Below

question 118

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To prevent the market price of tin from falling below the target price, the manager of a buffer stock would purchase any excess supply of tin that exists at the target price.


Definitions:

National Government

The government of a nation-state, responsible for administering and governing a country's affairs.

Legislature

A governmental body primarily responsible for enacting laws, consisting of elected representatives.

Rules Committee

A committee within a legislative body responsible for determining the terms and conditions under which legislation will be considered, including debating time and amendment allowance.

Committee

A group of individuals appointed to perform a specified function or investigate a specific issue, often within a legislative body.

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