In Situations in Which Prices Cannot Be Used to Signal

question 335

Multiple Choice

In situations in which prices cannot be used to signal relative scarcities of goods, which of the following can serve as a rationing mechanism?

• A) queuing
• B) political power
• C) random assignment
• D) all of the above

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Definitions:

Fear

An unpleasant emotional response to perceived or real imminent threat or danger.

Generalization

The process of responding similarly to different but related stimuli, often used to explain behaviors in both human and animal learning.

Moving Cars

A simple reference to the action or process of cars being in motion, often studied in fields like traffic analysis and physics.

Moving Trucks

Large vehicles used for transporting household goods and furniture from one location to another during the process of relocation.