In Most Societies,dollar Price Acts as the Main Rationing Device

question 25

Multiple Choice

In most societies,dollar price acts as the main rationing device.If dollar price weren't the main rationing device,would there still be a need for some rationing device to take its place?

• A) No,because with dollar price there would be no scarcity,although shortages would still exist.
• B) Yes,because there is a need for a rationing device as long as scarcity exists.
• C) Yes,because there is a need for a rationing device as long as the world's population is so large.
• D) No,because dollar price creates scarcity and without money price scarcity wouldn't exist.
• E) none of the above

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Definitions:

Hierarchy

refers to a system or organization in which people or groups are ranked one above the other according to status or authority.

Strategic Location

The positioning of something in a specific place to gain an advantage, often referring to businesses or military assets.

Supportive Relationships

Emotional or practical assistance and connections between individuals that promote well-being and positive outcomes.

Network

A group or system of interconnected people or organizations.