Which of the following is TRUE?
A) When a market price allocates resources, all people who are willing and able to pay that price get the resource.
B) A command system works well when the range of activities to be monitored is large and complex.
C) When the government decides how to allocate tax dollars among competing uses, resources are allocated by market prices.
D) When a manager offers everyone in the company the opportunity to win a prize, resources are allocated by a lottery.
Correct Answer:
Verified
Q5: Alvin Roth of Harvard won the 2012
Q6: When allocating resources using market price
A) everyone
Q7: Which of the following is TRUE?
A) Lotteries
Q8: Which of the following is TRUE?
A) When
Q9: When scarce resources can serve only one
Q11: If a person will rent an apartment
Q12: The value of one more unit of
Q13: Allocating resources by the order of someone
Q14: The night before enrollment was to open
Q15: Often people trying to withdraw money from
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