Because of Scarcity, Rationing Is

question 348

Multiple Choice

Because of scarcity, rationing is

• A) unimportant because people get what they want.
• B) necessary because people cannot get everything they want.
• C) unimportant because prices clear markets.
• D) not a problem because governments can determine what everybody wants.

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Definitions:

Atherosclerosis

A cardiovascular disease characterized by the buildup of fats, cholesterol, and other substances in and on artery walls.

Immune Function

The activities and mechanisms through which the immune system identifies and defends against pathogens, harmful substances, and diseased cells.

Dominance Hierarchy

A social organizing principle where individuals within a group are ranked relative to each other in terms of authority, status, and access to resources.

Socio-Economic Status

An individual or group's position within a hierarchical social structure, which is determined by their income, education, occupation, and social network.