Public Schools in the United States Are Operated by the Government.This

question 18

Multiple Choice

Public schools in the United States are operated by the government.This is an example of:

• A) public financing of private provision.
• B) restriction or mandate of private sale or purchase.
• C) a subsidy.
• D) public provision.

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Definitions:

Surplus

The excess of supply over demand in a market, resulting in lower prices.

Shortage

A situation in which demand for a product exceeds its supply in a market.

Price Floor

A government- or authority-imposed minimum price that can be charged for a particular good or service, intended to prevent prices from falling below a certain level.

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in a market, aimed at managing the affordability of these goods and services.