Which term refers to an arrangement that permits some economic variable to increase but prevents that variable from subsequently decreasing?

Question

Quizplus · Accepted Answer

The term that refers to an arrangement that permits some economic variable to increase but prevents that variable from subsequently decreasing is a ratchet. This is because a ratchet system allows for continuous growth or upward movement but prevents any movement back in the opposite direction.

Which Term Refers to an Arrangement That Permits Some Economic