The Rationing Function of Prices Refers to The

question 117

Multiple Choice

The rationing function of prices refers to the:

• A)tendency of supply and demand to shift in opposite directions.
• B)fact that ration coupons are needed to alleviate wartime shortages of goods.
• C)capacity of a competitive market to equate the quantity demanded and the quantity supplied.
• D)ability of the market system to generate an equitable distribution of income.

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Definitions:

White-Collar Crime

A crime that typically occurs in a business context. Popularly used to refer to an illegal act or series of acts committed by a person or business entity using nonviolent means.

Property Crime

Offenses that involve the unauthorized taking of or damage to another's property.

Robbery

The taking of money, personal property, or any other article of value from a person by means of force or fear.

Larceny

The wrongful or fraudulent taking and carrying away of another person’s personal property with the intent to deprive the person permanently of the property.