Why does a sports car cost more than a truck?
A) because sports car manufacturers are greedier than truck manufacturers
B) because sports cars are priced higher in order to make them attractive as status symbols
C) because more scarce resources are required to produce a sports car than to produce a truck
D) because truck manufacturers know that their customers have relatively low incomes
Correct Answer:
Verified
Q195: When prices are used as a rationing
Q196: Because of scarcity, rationing is
A) unimportant because
Q197: Rationing goods on the basis of price
Q198: What would happen in the market for
Q199: All of the following are methods of
Q201: A price floor that is set above
Q202: Which rationing system leads to the most
Q203: If the government sets a maximum price
Q204: If a price ceiling is set above
Q205: Which of the following statements is FALSE?
A)
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