It means that the government is split into two (central and local). The local government (state) helps the central (federal) government make decisions and they govern different parts of the country.
Answer:
d. price floor
Explanation:
A price floor is a government mandated mininum price that is higher than the market equilibrium price.
This means that supply and demand do not meet because prices are not allowed to go any lower than the price floor.
The most famous example of a price floor is the minimum wage. A minimum wage is a price of labor that is higher than the market equilbrium. This produces a surplus of workers because supply (workers) is higher than the demand for them (which is determined by the firms).
Answer:
Explanation:
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