In Situations in Which Prices Cannot Be Used to Signal

question 335

Multiple Choice

In situations in which prices cannot be used to signal relative scarcities of goods, which of the following can serve as a rationing mechanism?

• A) queuing
• B) political power
• C) random assignment
• D) all of the above

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Definitions:

Chorion

The outermost membrane surrounding an embryo of a reptile, bird, or mammal, contributing to the formation of the placenta in mammals.

Hairs

Filamentous biomaterials growing from the dermis of mammals, serving various functions including temperature regulation and sensation.

Placenta

An organ in mammals that develops during pregnancy, providing oxygen and nutrients to the fetus while removing waste products.

Fetal Membranes

The membranes that surround the developing fetus in the womb, including the amnion, chorion, and others, providing protection, nourishment, and waste removal.