Queuing is a way to ration goods
A. through the use of political power.
B. through prices.
C. through markets.
D. on a first-come, first-serve basis.
Answer: D
You might also like to view...
If government expenditure on goods and services increases by $10 billion, then aggregate demand
A) increases by $10 billion. B) increases by $10 billion multiplied by the government expenditure multiplier. C) increases by $10 billion multiplied by the tax multiplier. D) decreases by $10 billion. E) decreases by $10 billion multiplied by the government expenditure multiplier.
Which of the following is not a possible implication of federal budget deficits?
a. Crowding out b. Increased interest rates c. Inflation d. Increased trade deficits e. Depreciation of the dollar
In the U.S., health and Medicare account for _____ of all federal spending
a. 29% b. 24% c. 17% d. 6%
Suppose a given basket of goods and services costs 9 dollars in Australia and 5,400 baht in Thailand. If the exchange rate is 600 baht per Australian dollar, purchasing power parity implies that the:
A. Australian dollar must appreciate to restore purchasing power parity. B. baht must depreciate to restore purchasing power parity. C. exchange rate has attained its long run equilibrium value. D. Australian dollar must depreciate to restore purchasing power parity.