To Keep the Price at the Level Set by a Price

question 144

Multiple Choice

To keep the price at the level set by a price support,the government must

• A) buy some of the good.
• B) sell some of the good.
• C) receive a subsidy from the producers.
• D) insure that imports are readily available.
• E) be careful to always set the price support below the equilibrium price.

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Definitions:

Mental Age

Mental Age is a concept used to describe the level of intellectual development as compared to an average person's development at a certain age, often used in assessing intellectual capabilities in children.

Chronological Age

The exact age of an individual measured in years from the date of birth to the current date.

Alfred Binet

A French psychologist best known for creating the first intelligence test, the Binet-Simon scale.

Intelligence Test

A method of assessing an individual's mental aptitudes and comparing them with others using numerical scores.