What is a price ceiling?

Social Goals and Market Efficiency Quiz

Quiz
•
Social Studies
•
11th Grade
•
Hard
Sahar Mansour
Used 3+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A limit on how low a price can go
A limit on how high a price can go
A type of loan
A payment to farmers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does minimum wage refer to?
The average wage in a state
The lowest amount a worker can earn
The highest amount a worker can earn
The wage for government jobs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a price floor?
A government subsidy
A type of tax
A limit on how low a price can go
A limit on how high a price can go
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a target price?
A price that changes daily
A price that is always the same
A price that farmers aim to receive
A price set by the government
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a nonrecourse loan?
A loan that does not require repayment
A loan for buying a house
A loan that must be paid back
A loan with high interest
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a deficiency payment?
A payment to cover losses
A payment for rent
A payment for services rendered
A payment for taxes
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does arbitrarily mean?
Carefully planned
Based on a clear rule
Randomly or without reason
Based on a law
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