The Condition in an Economy That Makes a "Rationing Device

question 76

Multiple Choice

The condition in an economy that makes a "rationing device" a necessity is the fact that

• A) the economy is organized around free markets.
• B) the economy is centrally planned by the government.
• C) scarcity exists.
• D) there are fewer types of goods than there are people in the economy.

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Definitions:

Amyotrophic Lateral Sclerosis

A degenerative neurological disease that affects nerve cells in the brain and spinal cord, leading to muscle weakness and eventual loss of muscle control.

Multiple Sclerosis

An autoimmune disease affecting the brain and spinal cord, leading to varying levels of disability.

Migraine

A type of headache characterized by severe pain, often accompanied by nausea, vomiting, and extreme sensitivity to light and sound.

Aura

A subjective sensation or emotion that precedes and marks the onset of a neurological condition, particularly an epileptic seizure.