In a Situation in Which Rationing Is by Queues, the Total

question 114

Multiple Choice

In a situation in which rationing is by queues, the total price of the rationed good is

• A) equal to the funds paid for the good.
• B) less than the funds paid for the good.
• C) equal to the funds paid for the good plus the opportunity cost of the time spent waiting.
• D) equal to the funds paid for the good less the opportunity cost of the time spent waiting.

---

Definitions:

Systematic Changes

Planned or intentional modifications put into place to achieve specific outcomes or improvements.

Adolescence Growth Spurt

A rapid period of growth in height and weight that occurs during puberty.

Puberty

The stage of adolescence when an individual undergoes physical and hormonal changes, leading to sexual maturity.

Psychosocial Crisis

A turning point in an individual's development in which a specific psychological or social attribute might be enhanced or hindered.