To ration a good means that
A) some distribution mechanism replaces price to determine who gets what quantity of goods
B) the government owns all the resources used to produce the good
C) the government purchases the goods not sold on the market
D) a price floor has been imposed
E) the supply of the good is greater than the demand
Correct Answer:
Verified
Q71: Q72: Q73: Governments typically intervene in markets Q74: If a price ceiling is imposed, Q75: One likely result of a price ceiling Q77: If a good is rationed, we can Q78: An excess demand in a market implies Q79: One method of addressing an excess demand Q80: A ration coupon is generally used Q81: Which of the following represents the best
A) to bring
A) the
A) to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents