When you purchase a new pair of jeans you do so in the

A government policy that prevents the price of a good or service from falling below a specified level is called a price floor and usually results in

a. a shortage. b. a surplus. c. a black market. d. fewer producers of the good or service. e. a decrease in demand.

Which of the following is true of bureaus?

a. They are highly sensitive to consumer feedback. b. They create laws to govern the functioning of an economy. c. They control the money supply in the economy. d. They implement the laws created by the government.