The minimum wage is an example of()
A: a price ceiling.
B: a price floor.
C: a free-market
process.
D: an efficient labor
allocation mechanism.
A: a price ceiling.
B: a price floor.
C: a free-market
process.
D: an efficient labor
allocation mechanism.
举一反三
- A wage is the price for labor. A minimum wage set above equilibrium wage would be an example of: A: . a price ceiling. B: . a price floor. C: . a gap in prices or wages. D: . a wage settlement.
- The price formed in the commodity exchange is（ ） A: “Free market” price B: “Closed market” price C: International market price D: Semi-closed market price
- A legal maximum price at which a good can be sold is a price ( ) A: floor. B: stabilization. C: support. D: ceiling.
- The causes of wage-push inflation are ( ). A: Wage price spiral B: Strong labor union C: Incompletely competitive labor market D: Expansionary income policy
- A legal maximum on the price at which a good can be sold is called a price A: floor. B: subsidy. C: support. D: ceiling.