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Why do societies need rationing devices?

A. Because price exists.
B. Because people have too many needs and not enough wants.
C. Because people have opportunity costs.
D. Because scarcity exists.

Sagot :

GinnyAnsweridn

Final answer:

Societies require rationing devices to address scarcity by efficiently allocating limited resources to fulfill essential needs.


Explanation:

The Importance of Rationing Devices Due to Scarcity

Scarcity is a fundamental economic concept where resources are limited compared to unlimited wants. To address this, societies need rationing devices to allocate scarce resources efficiently.

By utilizing rationing devices such as price controls or non-price mechanisms, societies can manage the allocation of goods and services to fulfill essential needs despite scarcity.


Learn more about Scarcity here:

https://brainly.com/question/41311719


Ashleyrodz942idn
Answer: D. Because scarcity exists
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