Multiple Choice
Rationing through the price system
A) leads to an inefficient use of available resources.
B) leads to high prices.
C) works only with government interference.
D) leads to an efficient use of available resources.
Correct Answer:

Verified
Correct Answer:
Verified
Q51: An import quota is<br>A) a quantity restriction.<br>B)
Q52: Which of the following is NOT a
Q53: Suppose new research shows that soy milk
Q54: The rationing function of prices refers to<br>A)
Q55: Suppose the market clearing price is $20
Q57: A price ceiling below the market clearing
Q58: Describe the market process that should occur
Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q60: Suppose the price of lumber decreases. In
Q61: Buyers and sellers receive market signals<br>A) from