Which of the Following Is the Best Example of a Possible

question 50

Multiple Choice

Which of the following is the best example of a possible rationing device?

• A)dollar price
• B)positive economics
• C)normative economics
• D)scarcity

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Definitions:

Cattle

Domesticated bovine animals kept for their meat (beef and veal), milk, or hides, or used as work animals worldwide.

Intensive Agriculture

Farming practices that maximize productivity per unit of land through the use of technologies, irrigation, fertilizers, and pesticides.

Foraging

The act of searching for and exploiting food resources in the wild, typically by hunting, fishing, or gathering plant material.

Species Diversity

The variety of species within a habitat, ecosystem, or geographic area, encompassing both the number of different species (species richness) and their relative abundance.