Why Does an Economy Need a Rationing Mechanism

question 231

Multiple Choice

Why does an economy need a rationing mechanism?

• A) because of scarcity
• B) because it preserves the power of the wealthy
• C) because it eliminates poverty
• D) All of the above are correct.

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Definitions:

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant or unchanged stimuli over time, allowing organisms to focus on relevant changes in the environment.

Photographs

Images captured by a camera that record visual information.

Lens

An optical component made from transparent material that forms an image by focusing or dispersing light rays, commonly found in glasses, cameras, and microscopes.

Rods and Cones

Photoreceptor cells in the retina responsible for vision; rods detect light and dark changes, while cones perceive color.