A System of Rationing

question 82

Multiple Choice

A system of rationing:

• A) benefits those with higher incomes, who can outbid those with lower incomes to obtain goods that are in scarce supply.
• B) is a system where everyone has equal chance to purchase a rationed good.
• C) is a system of allocation commonly found in other countries, but has never been imposed in the United States.
• D) hurts those who are looking to obtain at least a fraction of the goods in question.

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Definitions:

State Unemployment Taxes

Taxes paid by employers to the state to fund unemployment insurance programs for workers who have lost their jobs.

Federal Unemployment Taxes

Taxes imposed by the federal government on employers to fund unemployment benefits for workers who have lost their jobs.

Gross Earnings

The total income earned by a company before deductions such as taxes and expenses.

Overtime Pay

Additional compensation paid to employees who work beyond the standard hours set by the company's policy or by law.