QUESTION IMAGE
Question
select the correct answer from each drop-down menu. to allocate scarce goods and resources, a market economy uses
non-price rationing
preferential treatment
price rationing
. this means that individuals will get the goods and services if they
.
pay the market price for goods and services will get them. Non - price rationing is more associated with non - market mechanisms (like queuing, ration coupons in some non - market or mixed systems), and preferential treatment is not a standard market - based allocation method. So the first drop - down should be "price rationing", and the second drop - down would be related to being able to pay the price (though the second drop - down options aren't fully shown, based on the first part, the first answer is price rationing).
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First drop - down: price rationing