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6-3 vocabulary jw
| Question | Answer |
|---|---|
| the legal maximum price that sellers may change for a product. | Price ceiling |
| The legal minimum price that buyers must pay for a product. | price floor |
| A legal minimum amount that an employer must pay for one hour of work. | minimum wage |
| A government system for allocating goods and services using criteria other than price. | Rationing |
| Involves the illegal buying and selling in violation of price control rationing. | Black market |
Created by:
joannw15
on 2011-07-21