Rationing of Resources, Goods, and Services

question 255

Multiple Choice

Rationing of resources, goods, and services

• A) is not required under the price system.
• B) is required because of scarcity.
• C) must be done by the government.
• D) happens only when the price is zero.

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Definitions:

Transformational Leadership

A style of leadership where leaders work with their team to identify needed change, creating a vision to guide the change through inspiration and executing the change in tandem with committed members of the group.

Loyal

Showing steadfast allegiance or faithfulness to a cause, institution, or individual.

Superior Performance

Exceeding established norms or benchmarks in activities, efforts, or outputs, typically resulting in significant achievements or recognition.

Decide-Alone Option

The principle of making a decision without consulting others, typically in contexts where individual judgment is valued or necessary.