Price ceilings prevent a price from rising above a certain level. When a price ceiling is set below the equilibrium price, quantity demanded will exceed quantity supplied, and excess demand or shortages will result. Price floors prevent a price from falling below a certain level.
A. The destruction of most Egyptian's homes each Spring.
Answer:
C
Explanation:
When faced with a number of tight deadlines, Mandy Moore often delegates work collectively. Recently she chose some fairly experienced employees to work on a high-priority project. She was heartened to see that the selected group of employees was having numerous meetings and working hard. However, when she went to check on their progress at the halfway mark in the project schedule, she was shocked to see how little the team had done in the past three weeks. This scenario reflects social loafing.
Social loafing is the attitude of individuals, putting little or no effort t when they are part of a group. Because all members of the group are contributing to achieve a common goal, each member of the group contributes less than they would if they were individually responsible. This case was what Mandy Moore saw when she put up a team of fairly experienced employees. They might be thinking another member of the team has got their back.
Bartering, which has taken place since the early history of man, implies a process of exchanging of goods. Bartering may present some difficulties during the process of exchanging. One problem that may occur when one is bartering, appears as the result of two people having different ideas about the value of the item (Option "B"). Since bartering lacks a standard unit of account, the prices on goods could not be measures or quoted. Due to the absence of a common unit of account, disagreements between exchangers may difficult the bartering process.
