All of the following are methods of rationing goods EXCEPT
A) political power.
B) the profit motive.
C) first come, first served.
D) prices.
B
You might also like to view...
To earn the greatest possible profit, a firm must:
A. maximize revenue less cost. B. minimize revenue less cost. C. maximize quantity at any price. D. maximize price at any quantity.
A positive supply shock causes stagflation in the short run
a. True b. False
For a number of years country A had inflation of 3% but for the last five years has had inflation of 6%. Country B had inflation of 4% for many years, but very recently inflation unexpectedly rose to 9%. Other things the same, in which of the countries would the higher inflation rate be more likely to reduce unemployment?
a. both country A and country B b. neither country A nor country B c. country A but not country B d. country B but not country A
The discount rate serves as a ceiling on interbank reserve loans
a. True b. False Indicate whether the statement is true or false