When Prices Are Used as a Rationing Device, Goods That

question 6

Multiple Choice

When prices are used as a rationing device, goods that are relatively more scarce than they used to be will have

• A) greater demand.
• B) lower excess demands.
• C) higher prices.
• D) long queues.

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Definitions:

Presenteeism

The act of attending work while not fully functioning due to illness or other medical conditions, which can decrease productivity.

Presenteeism

The phenomenon where employees attend work while sick, resulting in productivity loss and potential health complications for themselves and others.

Defence Mechanism

Psychological strategies used unconsciously by individuals to protect themselves from anxiety or to maintain a sense of self-esteem.

Personnel Manager

An individual responsible for overseeing employee relations, compensation and benefits, recruitment, and maintaining the work environment within an organization.