Alvin Roth of Harvard won the 2012 Nobel Prize in Economics for designing systems that allocate resources in innovative ways. For example, he designed a system that matches donated kidneys to recipients waiting for such donations. This system takes into account the needs of each perspective recipient, their blood type, and the urgency of their case. This allocation of resources is made using
A) market price.
B) auction.
C) lottery.
D) personal characteristics.
Correct Answer:
Verified
Q1: As a method of resource allocation, market
Q2: As a method of resource allocation, force
A)
Q3: In the United States, resources are most
Q4: A contest is a good way to
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
Q10: Which of the following is TRUE?
A) When
Q11: If a person will rent an apartment
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