When Price Floors Are in Effect, Goods and Services

question 19

Multiple Choice

When price floors are in effect, goods and services:

• A) are still allocated efficiently.
• B) are not necessarily supplied by their lowest-cost producer.
• C) do not necessarily flow to their highest-valued use.
• D) are neither necessarily supplied by their lowest-cost producer nor do they flow to their highest-valued use.

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Definitions:

Ineffective Management

The inability or failure to lead and administer operations, projects, or teams in a manner that achieves desired outcomes or goals.

Antipsychotic Medications

A class of drugs used to treat psychiatric conditions, primarily schizophrenia and bipolar disorder, by reducing psychotic symptoms.

Impaired Reasoning

A decreased ability to think logically and make rational decisions.

Discharge Planning

A process involving the coordination of care and services for a patient transitioning from a hospital or clinic to home or another care facility.