Price floors are designed to
A) establish a minimum allowable price.
B) allow free market prices to be achieved.
C) create shortages where none existed before.
D) none of the above.
A
Economics
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An argument in favor of foreign direct investment is that it tends to
(a) reduce inequality. (b) promote rural development. (c) increase access to modern technology. (d) decrease local ownership. (e) none of the above.
Economics
The demand for money refers to the desire to
A) hold a good that yields utility when it is consumed. B) a high income. C) spend money because money is used in all transactions. D) hold money because money is used in all non-barter transactions.
Economics