Which of the following situations describing a resource allocation method most resembles the market price method?
A) Food from the Salvation Army Food Bank is distributed to families in need.
B) 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.
C) Lattes are sold at Starbucks.
D) Jose works at Intel. His manager tells him what work needs to be completed each month.
E) Matt's mother has the rule that whoever cuts the cake chooses their slice last.
Correct Answer:
Verified
Q3: Q4: The resource allocation method used for the Q5: The organisers of the Australian Open randomly Q6: If you split your dessert with your Q7: To achieve allocative efficiency, an economy Q9: Marginal benefit is the benefit that a Q10: Myer has a small number of 'Black Q11: As more of a good is consumed, Q12: In general, the marginal benefit curve Q13: The chair of the Department of Economics
A) must
A) has
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents