Prices Provide the Rationing Function Best When

question 160

Multiple Choice

Prices provide the rationing function best when

• A)prices are flexible.
• B)prices are inflexible.
• C)they are used in conjunction with queuing.
• D)price controls are in place and ration coupons are used too.

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Definitions:

Approach-Avoidance Conflict

A psychological conflict that occurs when a single option has both attractive and unattractive aspects, making the decision-making process difficult.

Pursuit

The act of following or chasing with the goal to catch or achieve something.

Goal

A goal is a desired outcome or objective a person or organization aims to achieve through directed effort or activities.

Frustration

An emotional response to opposition, related to anger, annoyance, and disappointment, often stemming from unmet needs or unresolved problems.