A Price Floor Is a Legal Maximum on the Price

question 133

True/False

A price floor is a legal maximum on the price of a good or service.

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Definitions:

Slave Ships

Vessels used to transport enslaved Africans across the Atlantic Ocean to the Americas in the transatlantic slave trade.

Smallpox

A contagious, disfiguring, and often deadly disease caused by the variola virus, eradicated globally by 1980 through vaccination efforts.

African Explorer

An African Explorer refers to an individual who explores the African continent, historically often with the intention of discovering new lands, resources, or geographical features.

Native Americans

The indigenous peoples of the United States, including both the mainland and Alaska Natives.