Multiple Choice
In a world of scarcity, there has to be some way to ration the available resources. According to economists, the most efficient use of available resources occurs when rationing occurs via
A) queuing.
B) lotteries.
C) political power.
D) the price system.
Correct Answer:

Verified
Correct Answer:
Verified
Q94: The textbook suggests that rent controls<br>A) actually
Q95: Total consumer surplus in a market is
Q96: Price ceilings are designed to<br>A) establish a
Q97: The difference between the total amount that
Q98: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q100: Prices play a role in a market<br>A)
Q101: In a market system, what must take
Q102: Assume that the market clearing price for
Q103: The City Council of Happy Village is
Q104: When the supply and/or demand curve shift,