A Price Floor Is

question 178

Multiple Choice

A price floor is

• A)a legal minimum on the price at which a good can be sold.
• B)often imposed when sellers of a good are successful in their attempts to convince the government that the market outcome is unfair without a price floor.
• C)a source of inefficiency in a market.
• D)All of the above are correct.

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Definitions:

Motor Skills

The abilities required to control and coordinate the movements of the body, including both fine (small) and gross (large) motor skills.

Motor Development

The progression of muscle coordination and control that enables movement and physical tasks.

Bowlegged

A condition characterized by outward curving of the legs, noticeable when standing with feet together.

Pincer Grasp

A fine motor skill developed in infancy involving the use of the index finger and thumb to grasp small objects.