Which of the Following Would Be an Example of the Rationing

question 49

Multiple Choice

Which of the following would be an example of the rationing function of price?

• A)Switching from a Ph.D.in economics to finance because finance salaries are higher
• B)Bill Gates purchasing the Mona Lisa for $5 billion
• C)A firm attempting to lower its explicit costs
• D)Government price controls

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Definitions:

Abnormal Psychology

The study of psychological disorders and unusual patterns of behavior, emotion, and thought.

Prevalence

The proportion of a population found to have a condition or characteristic at a specific time.

Frequency

The rate at which something occurs over a particular period of time or in a given sample.

Disorder

A disorder is a disruption to regular bodily structure and function, leading to symptoms that affect health, well-being, and quality of life.