Prices provide the rationing function best when
A) prices are flexible.
B) prices are inflexible.
C) they are used in conjunction with queuing.
D) price controls are in place and ration coupons are used too.
A
Economics
You might also like to view...
Economists refer to consumers' desire for goods now rather than in the future as
a. a positive rate of time preference. b. the rational expectations hypothesis. c. roundabout methods of production. d. the inflationary premium.
Economics
Other things the same, an increase in the price level causes the real value of the dollar to fall in the market for foreign-currency exchange
a. True b. False Indicate whether the statement is true or false
Economics