Which of the following statement is FALSE?
A) Only the price system can be used to ration goods.
B) Random assignment can be a method of rationing.
C) Coupons can be used to ration goods.
D) Queuing can be used for rationing.
Answer: A
You might also like to view...
The production possibilities frontier shifts as
A) tastes and preferences change. B) the money supply grows or shrinks. C) technology changes. D) the unemployment rate changes.
The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price strategy and a low-price strategy. For firm B
A) setting a high price is the dominant strategy. B) setting a low price is the dominant strategy. C) there is no dominant strategy. D) doing the opposite of firm A is always the best strategy.
In consumer equilibrium, one dollar's worth of additional gasoline will yield the same marginal utility as one dollar's worth of additional cheese
a. True b. False Indicate whether the statement is true or false
Suppose George withdraws $60,000 from his bank. If the reserve ratio is 25 percent, then this transaction will lead to a decrease of ________ in checking account balances.
A. $15,000 B. $45,000 C. $90,000 D. $180,000