Which of the following is concerned with the distribution part of resource allocation?
A) An economy decides to produce equal quantities wheat, rice, and clothes.
B) An economy decides to use 25 percent of the available capital for producing clothes.
C) An economy decides to ration 40 percent of its output to low income groups.
D) An economy decides to use more labor for producing wheat and rice.
Correct Answer:
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Q170: Total surplus is
A)the sum of consumer's surplus
Q171: It is true that the distribution process
Q172: The selection of particular products' production processes
A)determines
Q173: The market allocates goods to individuals according
Q174: In a competitive market economy, a resource
Q176: An optimal allocation of resources is one
Q177: The price system rations goods among consumers
Q178: Which of the proposals for education reform
Q179: Prices can work to benefit the public
Q180: The task of deciding which consumer gets
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