Examlex
Which term does NOT belong in this group?
Standard Of Living
The extent of financial resources, comfort, material possessions, and fundamental requirements accessible to someone, a group, or a society.
Binding Price Floors
Legally established minimum prices for goods or services that are above the market equilibrium, leading to surpluses.
Rationing Mechanisms
Methods used to distribute scarce goods or resources among competing users.
Efficient
Achieving maximum productivity with minimal wasted effort or expense, often used in the context of production and allocation of resources.
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