0
What allows consumers to receive goods and services in a non-price rationing system?
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Why Explain in your own words how the terms rationing and price are related?
Rationing is a system to allocate goods and services without the use of prices. Rationing is when people receive a ration coupon that entitles them to a certain amount of a product.
What are the relationship between goods service and consumers?
Goods are consumer wants and needs that are produced. Services are things that people pay for once and receive something. Consumers spend money on both.
What are the four economic questions?
-What should the economy produce? Market economies use price to answer this question. For example, Product X at a very high price may not sell, thus producers may stop making the product. -How should goods/services be produced? Producers combine resources (consumers sell factors of production) to make products they can sell. Price of factors of production influence producer decisions to make or not to make a product -Who should receive the goods/services produced? Incomes limit choices and decisions of consumers as they respond to price in the marketplace. Consumers earn incomes based on their contributions (factors of production) to production of goods/services. -How should the economy provide for growth? Producers increase the supply of goods and services in response to price in the marketplace. Consumers earn increased incomes as they respond (offer their labor or capital) to the price of factors of production.
Why would rent controls result in higher incidence of racial or age discrimination?
Price serves as a rationing device. Suppliers must determine to whom their production will bedistributed. In a free market economy, this is accomplished through the price mechanism. Thosewho are willing and able to purchase the product will receive the product. Rent controls reducethe ability of landlords to distribute housing services based solely on price. Therefore, they canresort to other mechanisms, such as bribery and favoritism. Unfortunately, some will resort tousing racial or age discrimination as the rationing mechanism.
What is the role of the financial services in the financial system?
Financial services will pay invoices and receive money. There will be accountants as well as legal representation in big companies in the financial services department.
Why Explain in your own words how the terms rationing and price are related?
Rationing is a system to allocate goods and services without the use of prices. Rationing is when people receive a ration coupon that entitles them to a certain amount of a product.
What account services does Yahoo Mail offer to consumers?
Yahoo! Mail offers free e-mail services to consumers, where an individual can label, sort, and delete the messages they receive. They also offer customized business e-mails at a cost.
What are the relationship between goods service and consumers?
Goods are consumer wants and needs that are produced. Services are things that people pay for once and receive something. Consumers spend money on both.
What type of services does Global Media Canada provide?
The Canadian Global Media website offers many different services to consumers. Mainly offering freelance IT services to Ottawa, the general public and other businesses may also receive these services.
What services are available through sky digibox?
The Sky Digibox is a British device that allows consumers to receive satellite television and internet service. They do not ship to the United States.
Members of both houses receive what a what for their services?
They receive a Compensation for their services' its in the Constitution. :)
How can one receive call services?
There are many ways in which someone could receive call services. The best way to receive call services would be to get an answering machine or a phone with cell phone capability.
Prizes or gifts that consumers receive when purchasing products are called?
purchase incentives
How have some government regulators affected consumers?
Regulations can affect the varieties and qualities of foods available for purchase, the prices consumers face, the information consumers receive about a product, and consumer confidence in the food supply.
Which two services are required to enable a computer to receive dynamic IP addresses and access the Internet?
Which two services are required to enable a computer to receive dynamic
Paying Your Bills?
When consumers who have a packaged deal pay their internet bill, they are also paying their cable and phone bill, too. However, many consumers are paying these bills separately and missing out on the deep discounts many providers offer for purchasing their services in packages. Often, purchasing a single service from the same provider costs only slightly less than purchasing two or more services. To get the most for their money, savvy shoppers can get quotes from all of the internet, cable and phone services offered by providers in their area. These quotes can be compared to discover the best price for these services. Savvy shoppers should then evaluate the quality of the services they are likely to receive from each and make a buying decision that best meets their needs at the lowest cost. Consumers can often choose to make a single monthly payment that costs less than the sum of separate payments for the same services.
What are the four economic questions?
-What should the economy produce? Market economies use price to answer this question. For example, Product X at a very high price may not sell, thus producers may stop making the product. -How should goods/services be produced? Producers combine resources (consumers sell factors of production) to make products they can sell. Price of factors of production influence producer decisions to make or not to make a product -Who should receive the goods/services produced? Incomes limit choices and decisions of consumers as they respond to price in the marketplace. Consumers earn incomes based on their contributions (factors of production) to production of goods/services. -How should the economy provide for growth? Producers increase the supply of goods and services in response to price in the marketplace. Consumers earn increased incomes as they respond (offer their labor or capital) to the price of factors of production.
