Which of the following situations describing a resource allocation method most resembling the force method?
A) Lattes are sold at Starbucks.
B) Food from the Salvation Army Food Bank is distributed to families in need.
C) Mandy saved her pocket money to buy a 12 pack of Coke Cola. When Mandy's brother saw the soft drinks, he took four.
D) Jose works at Intel. His manager tells him what work needs to be completed each month.
E) Seventy per cent of Austin's chess club wanted to purchase new chess sets and thirty per cent did not. The club purchased the sets.
Correct Answer:
Verified
Q15: Allocative efficiency refers to
A) producing the goods
Q16: Seventy per cent of Austin's chess club
Q17: The Adelaide Football Club reserves 5,000 free
Q18: Allocating resources by the order of someone
Q19: Usually, when you arrive at your favourite
Q21: Which describes the economic meanings of value
Q22: The marginal cost of a good or
Q23: Which of the following is necessary for
Q24: All points on the production possibilities frontier
A)
Q25: Marginal cost equals
A) all the opportunity cost
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