Nonprice Rationing Devices Are Required

question 360

Multiple Choice

Nonprice rationing devices are required

• A) because the price system does not allocate resources efficiently.
• B) when there are price floors but not when there are price ceilings.
• C) so that prices will go back to equilibrium.
• D) to allocate goods when there is a price ceiling.

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Definitions:

Broader Politics of Inclusion

Policies and practices aimed at ensuring equal participation and rights for all members of society, often emphasizing diversity and equity.

Material Experiences

The physical and tangible interactions and experiences individuals have with objects and environments in their daily lives.

Revolutionary Potential

The capacity or possibility for radical societal or structural change, often associated with social movements or ideologies.

Semiotics of Materiality

An approach that studies how material objects convey meaning and how they participate in systems of signification.