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Which of the following is an example of a price floor?
Capital Goods
Long-term assets used in the production of goods and services, such as machinery, buildings, and equipment.
Quality
The degree to which a product, service, or process meets predefined criteria or expectations, often related to consistency, reliability, and performance.
On-The-Job Experience
Practical and valuable knowledge or skills gained through actual work performed, rather than theoretical studies or classroom learning.
Labor Productivity
A gauge of economic productivity that contrasts the total output of goods and services with the labor hours invested in creating those outputs.
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