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Practice Reading: Fill in the Blanks (Dropdown) ID: #34900 Rationing
Instructions
Rationing  may  be  of  several  types.  Informal  rationing,  which  precedes  the  imposition  of  formal  controls,  may  consist  of  admonitions  to  consumers  to  reduce  their    or  of  independent  action  taken  by  suppliers  in  allocating  scarce  supplies.  Rationing  according  to  use  prohibits  the  less  important  uses  of  a  commodity.  Rationing  by  quantity  may  limit  the  hours  during    the  commodity  is  available  or  may  assign  quotas  of  a  commodity  to  all  known  and  approved  claimants.  Rationing  by  value  limits  the  amount  consumers  may  spend  on  commodities  that  cannot  be  ,  consumers  being  allowed  to  make  their  own  selections  within  the  value  limits  imposed.  Point  rationing  assigns  a  point  value  to  each  commodity  and  allocates  a  certain  number  of  points  to  each  consumer;  this  system  is  employed  during  periods  of  critical  and  increasing  shortages  when  individuals  begin    unrationed  for  rationed  items,  thereby  spreading  shortages.  Consumers  in  a  rationed  economy  are  usually    to  save  by  purchasing  government  bonds  or  by  increasing  their  deposits  in  savings  banks  so  that  unspent  money  will  not  be  used  for  increased  purchases  of  unrationed  items  or  for  purchases  on  the  black  market.

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