Long lines and discrimination are examples of rationing methods that may naturally develop in response to a binding price ceiling

a. True
b. False
Indicate whether the statement is true or false

True

Economics

You might also like to view...

The economy is in long-run equilibrium when ________ and ________

A) real GDP equals potential GDP; the unemployment rate equals zero B) the output gap equals zero; the inflation rate equals the target inflation rate and the expected inflation rate C) the output gap is at its maximum; the inflation rate equals the target inflation rate and the expected inflation rate D) the unemployment rate equals the natural rate of unemployment; the inflation rate equals zero

Economics

The capital market is a market in which only financial capital is acquired

a. True b. False Indicate whether the statement is true or false

Economics