The government of Lithasia has decided to set a minimum price for certain agricultural products in order to safeguard the interests of farmers. This is an example of a ________
A) price floor
B) price ceiling
C) Pigouvian tax
D) Pigouvian subsidy
A
Economics
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Budget surplus:
What will be an ideal response?
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An efficient contract is an agreement in which
A) neither party can be made better off without harming the other party. B) both parties agree on its clauses. C) one party takes all. D) both parties agree to always do their best.
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