The Condition in an Economy That Makes a "Rationing Device

question 139

Multiple Choice

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

• 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:

Rules Of Negotiation

Guidelines or principles that govern the process of negotiation to ensure fair, effective, and efficient outcomes.

Conflict Management Styles

The approaches individuals use to address and resolve disputes, ranging from avoidance to confrontation, each with its strategic implications for business and personal relationships.

Conflict Situations

Situations where disagreements or disputes arise between individuals or groups due to opposing interests or needs.

Business World

The global sphere of commerce and trade, encompassing all activities, practices, and industries involved in the provision of goods and services.