Which of the following is NOT a common criticism of rationing products? a. Rationing costs money and often adds an unneeded cost to the product. b. Rationing can often lead to the development of black markets, where products will be sold for a high cost. c. Rationing prevents resources from going to the military during times of war. d. Rationing may lead to unequal access to different goods and services.
Which of the following is NOT a common criticism of rationing products? a. Rationing costs money and often adds an unneeded cost to the product. b. Rationing can often lead to the development of black markets, where products will be sold for a high cost. c. Rationing prevents resources from going to the military during times of war. d. Rationing may lead to unequal access to different goods and services.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter7: Demand And Supply
Section: Chapter Questions
Problem 24AA
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Which of the following is NOT a common criticism of rationing products?
a. Rationing costs money and often adds an unneeded cost to the product.
b. Rationing can often lead to the development of black markets, where products will be sold for a high cost.
c. Rationing prevents resources from going to the military during times of war.
d. Rationing may lead to unequal access to different goods and services.
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