All of the Following Are Examples of Nonprice Rationing Devices

question 145

Multiple Choice

All of the following are examples of nonprice rationing devices EXCEPT

• A) price controls.
• B) queues.
• C) black markets.
• D) waiting lists.

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Definitions:

Personal Well-Being

Personal well-being is the overall state of an individual's emotional, psychological, and social health and happiness.

Sensual Pleasure

Enjoyment derived from gratifying bodily senses, such as taste, touch, and smell, often associated with a heightened sense of satisfaction and pleasure.

Optimism

An inclination to maintain a positive outlook and to expect the most favorable outcomes in situations.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by five basic categories of needs: physiological, safety, love/belonging, esteem, and self-actualization, which they pursue in a hierarchical order.