Why Does an Economy Need a Rationing Mechanism

question 231

Multiple Choice

Why does an economy need a rationing mechanism?

• A) because of scarcity
• B) because it preserves the power of the wealthy
• C) because it eliminates poverty
• D) All of the above are correct.

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Definitions:

Social Needs

The human requirements for love, belonging, and affection that motivate behavior and play a major role in mental health.

Esteem Needs

According to Maslow's hierarchy of needs, these are the fourth level of human needs, focusing on self-esteem, confidence, achievement, respect of others, and respect by others.

Emotional Holes

Psychological or emotional voids that individuals may attempt to fill with various behaviors or substances, often leading to unhealthy patterns.

Latin Root

The base of a word derived from Latin, often used to understand the origin and meaning of English words.