In Response to a Shortage Caused by the Imposition of a Binding

question 87

Multiple Choice

In response to a shortage caused by the imposition of a binding price ceiling on a market,

• A)price will no longer be the mechanism that rations scarce resources.
• B)long lines of buyers may develop.
• C)sellers could ration the good or service according to their own personal biases.
• D)All of the above are correct.

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Definitions:

Cache Memory

Small blocks of memory, located directly on and next to the central processing unit (CPU) chip, that act as holding places for recently or frequently used instructions or data that the CPU accesses the most.

Potential Capacity

The maximum output or performance that a system or entity could achieve under ideal conditions.

Mechanical Hard Drive

A data storage device that uses magnetic storage to store and retrieve digital information using one or more rigid rapidly rotating disks coated with magnetic material.

Hyperthreading

A technology that permits quicker processing of information by enabling a new set of instructions to start executing before the previous set has finished.