The Existence of a Shortage

question 444

Multiple Choice

The existence of a shortage

• A) means resources are being allocated efficiently.
• B) is impossible in a market economy.
• C) pushes the price up.
• D) pushes the price down.

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Definitions:

Interpersonal Concern

The consideration and awareness of the feelings, needs, and well-being of others in social interactions or relationships.

Allowance

A fixed amount of money given regularly, typically to a child by their parents, or allocated for a specific need or purpose.

Chores

Routine tasks or duties, often household, that need to be completed regularly.

Equality

The idea that everyone gets the same amount, regardless of what he or she contributes.