This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Because of scarcity, rationing is A) unimportant because people get what they want. B) necessary ... (Read 102 times)

audie

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
Because of scarcity, rationing is
 
  A) unimportant because people get what they want.
  B) necessary because people cannot get everything they want.
  C) unimportant because prices clear markets.
  D) not a problem because governments can determine what everybody wants.

Question 2

A decrease in quantity demanded of a good is caused by
 
  A) a decrease in income.
  B) a decrease in the price of a substitute.
  C) an increase in the price of the good.
  D) a change of tastes.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bob

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


audie

  • Member
  • Posts: 532
Reply 2 on: Jun 29, 2018
Excellent

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Old people Old people
Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1 Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1
Older people who exercise cognitive skills, like these chess players, retain those skills well into ... Older people who exercise cognitive skills, like these chess players, retain those skills well into ...
In old age, as in all other stages of the life course, people find life more pleasant if they have ... In old age, as in all other stages of the life course, people find life more pleasant if they have ...
Do you see animals or people first? Do you see animals or people first?
Two areas of reduced cortical volume and one area of increased cortical volume observed in people ... Two areas of reduced cortical volume and one area of increased cortical volume observed in people ...
Video: Passive Smoke Exposure

For a complete list of videos, visit our video library