QUESTION IMAGE
Question
select the correct answers from each drop - down menu. to allocate scarce goods and resources, a market economy uses price rationing . this means that individuals will get the goods and services if they dropdown options: have the ability to pay, meet the government’s requirements, stand in line at the store .
In a market economy, resource allocation is done via price rationing. For individuals to obtain goods/services, they need the ability to pay (i.e., afford the price). Meeting government requirements or being first at the store are not core to market - based allocation.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
have the ability to pay