The Rationing Function of Prices Refers to The

question 117

Multiple Choice

The rationing function of prices refers to the:

• A)tendency of supply and demand to shift in opposite directions.
• B)fact that ration coupons are needed to alleviate wartime shortages of goods.
• C)capacity of a competitive market to equate the quantity demanded and the quantity supplied.
• D)ability of the market system to generate an equitable distribution of income.

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Definitions:

Phenotype

The observable physical or biochemical characteristics of an organism, as determined by both genetic makeup and environmental influences.

Height

A measurement of a person or object from base to top or head to foot in either a lying or standing position.

Skin Pigmentation

Refers to the coloring of a person's skin determined by the amount and type of melanin produced by the skin cells.

Phenotype

The set of observable characteristics or traits of an organism, resulting from the interaction of its genotype with the environment.