Hard rationing is self-imposed while soft rationing is imposed by the marketplace.

Name: Hard rationing is self-imposed while soft rationing is imposed by the marketplace.
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Question

Quizplus · Accepted Answer

Hard rationing occurs when external factors, such as government policies or market failures, limit the availability of goods. Soft rationing, on the other hand, is when consumers limit their own consumption due to high prices or personal choice.

Hard Rationing Is Self-Imposed While Soft Rationing Is Imposed by the Marketplace