In most societies,dollar price acts as the main rationing device.If dollar price weren't the main rationing device,would there still be a need for some rationing device to take its place?
A) No,because with dollar price there would be no scarcity,although shortages would still exist.
B) Yes,because there is a need for a rationing device as long as scarcity exists.
C) Yes,because there is a need for a rationing device as long as the world's population is so large.
D) No,because dollar price creates scarcity and without money price scarcity wouldn't exist.
E) none of the above

Question

Quizplus · Accepted Answer

Scarcity is a fundamental economic problem, and as long as it exists, there is a need for some rationing device. Even if dollar price is not the main rationing device, some other mechanism would have to take its place to allocate scarce resources in an efficient and equitable manner.

In Most Societies,dollar Price Acts as the Main Rationing Device