In Most Societies, Dollar Price Acts as the Main Rationing

question 3

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.