A long line at the campus bookstore at the beginning of the term ...

[mckennatimberlake]

A long line at the campus bookstore at the beginning of the term is an example of
 
  A) price rationing.
  B) an ineffective price ceiling.
  C) a non-price rationing device.
  D) an ineffective price floor.

Question 2

One of the assumptions underlying the production possibilities curve is that
 
  A) at least one of the factors of production is a free good.
  B) the quantity of the resources available for the production of economic goods is fixed over a given time period.
  C) there is at least one factor of production that is employed inefficiently.
  D) some of the factors of production are not being used.

[Liamb2179]

Answer to Question 1

C

Answer to Question 2

B

[mckennatimberlake]

Thanks for the timely response, appreciate it

[amandalm]

Excellent