Business, 23.09.2021 02:50 achewitt3965

Please identify the appropriate term for the following scenarios. Ivan, a Russian fishermen, needs a permit so that he can participate in commercial ice fishing for yellow perch and legally sell the perch he catches. Ivan's permit Garet is an undergraduate student who has to work at McDonald's part-time to help pay his tuition loans. Always looking on the bright side of things, he is thankful that he cannot make less than what he is earning, $7.25 /hour. Garet's wage D'Artagnan, a poor French noblemen, discovers a large cache of truffles in his backyard. However, the government caps the sale of truffles at $100 /pound, which frustrates D'Artagnan because he knows they are worth more than that. The truffles price cap Athos is an avid collector of swords, but as they are illegal to purchase, he obtains them through illicit means. Buying swords illegally To help out farmers, the government sets the minimum price of potatoes at $26 per bushel. Minimum potato price In order to support domestic sales of textiles, the country of Germany puts a cap on the amount of foreign textiles it imports.

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Please identify the appropriate term for the following scenarios. Ivan, a Russian fishermen, needs a...

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