1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nostrana [21]
3 years ago
11

The rationing function of prices refers to the fact that government must distribute any surplus goods that may be left in a comp

etitive market.
(A) True
(B) False
Business
1 answer:
natulia [17]3 years ago
4 0

Answer: false

Explanation: The rationing function of price describes the way in which the use of price is done for rationing of several scarce resource. This is done automatically by the market forces of demand and supply as when the demand for a commodity exceeds its supply the price of the commodity rises leading to decrease in demand.

Thus, rationing function states to ration the goods and distribute them carefully and not to distribute the surplus amount.

You might be interested in
Which of the following transactions will REDUCE your checking account balance immediately?
tino4ka555 [31]

Answer:

the answer B

Explanation:

using your debit card to pay groceries at the supermarket

8 0
3 years ago
If a country has a trade surplus, then the country Group of answer choices imports as much as it exports imports more than it ex
tekilochka [14]

Answer:

exports more than it imports

Explanation:

Trade surplus is when export exceeds import.

Export is the sum total of goods and services sold to other countries. For example, if clothes are sold to China, it constitutes export.

Import is the sum total of goods and services bought from other countries. If a laptop manufactured in China is sold to someone in the US, this is import

Trade deficit is when a country imports more than it exports

4 0
3 years ago
Explain the concept of sales management by objectives (SMBO). Discuss how to monitor and control sales.
alexdok [17]

Answer:

im not sure

Explanation:

ur welcome

5 0
3 years ago
Over the last four decades: A. Non-tariff barriers (NTB's)and tariffs have both increased in importance and use B. NTB's and tar
tino4ka555 [31]

Answer:

C. NTB's have increased and tariffs have decreased in importance and use

Explanation:

7 0
3 years ago
Suppose that a country has no public debt in year 1 but experiences a budget deficit of $50 billion in year 2, a budget deficit
cluponka [151]

Answer:

= $62 billion

Explanation:

Since the country started year 1 with no public debt,

The country's debt at the end of year 5 = $50 (deficit year 2) + $30 (deficit year 3) - $20 (surplus year 4, negative deficit) + $2 (deficit year 5)).

= $62 billion

The country's debt at the end of year 5 = $62 billion

Public debt is the sum of deficits and surpluses (negative deficits) over time.

5 0
3 years ago
Other questions:
  • Indicate whether each of the following transactions represents an increase in net exports, a decrease in net exports, an increas
    12·1 answer
  • To take advantage of an arbitrage opportunity, an investor would 1) construct a zero-investment portfolio that will yield a sure
    6·1 answer
  • If a consumer is waiting to buy a sweater he or she found at a department store until after the holiday season, which factor is
    8·2 answers
  • Google has written down the following: "to organize the world's information and make it universally accessible and useful." This
    11·1 answer
  • In the recent years, prices of basic food commodities such as corn, rice, and wheat have increased sharply. A recent article in
    13·1 answer
  • You are trying to choose between two stocks, Widget and Gadget. Widget has a current stock price of $30 and earnings per share o
    9·1 answer
  • When politicians argue that the outsourcing or offshoring of techincal support to India by the Dell Computer Corporation is harm
    5·1 answer
  • How does a change in a​ country's real exchange rate affect its net​ exports?
    8·1 answer
  • Pamela, a 1/3 partner, has an adjusted basis of $100,000 for her partnership interest. If Pamela sells her entire partnership in
    6·1 answer
  • The condensed product-line income statement for Rhinebeck Company for the month of October is as follows:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!