In a Free,competitive Market,what Is the Rationing Mechanism

question 122

Multiple Choice

In a free,competitive market,what is the rationing mechanism?

• A)seller bias
• B)buyer bias
• C)government law
• D)price

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Definitions:

Sustainable Yields

The rate at which natural resources can be harvested without compromising their availability for future generations.

Non-Renewable Resources

Natural resources that cannot be replenished or that take millions of years to form, such as fossil fuels and minerals.

Exhausted

describes a state of extreme tiredness or fatigue, often resulting from physical or mental activity.

Depleted

Reduced in quantity or exhausted; often used in context with natural resources.