Define the Term Rationing Device and Give an Example of Three

question 65

Essay

Define the term rationing device and give an example of three possible rationing devices. Explain how scarcity implies the need for a rationing device.

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Definitions:

Algebraic Expression

A combination of numbers, variables, and operations (such as addition, multiplication) that represents a specific value.

Cash Register

A machine used in retail to calculate and record sales transactions and to store money.

Quarters

Refers to a fourth part or division of something, often used in the context of fiscal or academic periods.

Algebraic Expression

A mathematical phrase that can contain ordinary numbers, variables (like x or y) and operators (like add, subtract, multiply, and divide).