a. What method is used to ration goods in a market economy?How does this rationing method influence the incentiveof individuals to supply goods, services, and resourcesto others?b. How are grades rationed in your economics class? Howdoes this rationing method influence student behavior?Suppose the highest grades were rationed to those whomthe teacher liked best. How would this method of rationinginfluence student behavior?
a. What method is used to ration goods in a market economy?How does this rationing method influence the incentiveof individuals to supply goods, services, and resourcesto others?b. How are grades rationed in your economics class? Howdoes this rationing method influence student behavior?Suppose the highest grades were rationed to those whomthe teacher liked best. How would this method of rationinginfluence student behavior?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
a. What method is used to ration goods in a market economy?
How does this rationing method influence the incentive
of individuals to supply goods, services, and resources
to others?
b. How are grades rationed in your economics class? How
does this rationing method influence student behavior?
Suppose the highest grades were rationed to those whom
the teacher liked best. How would this method of rationing
influence student behavior?
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