The following is an example of the random allocation mechanism
A) Long lines of people waiting to purchase the new Apple iPad
B) The raffle drawing for a trip to Hawaii
C) The American interstate freeway system
D) The $5 pizza special at the nearby-campus pizzeria
E) None of these is an example of the market allocation mechanism.
Correct Answer:
Verified
Q23: What does the market process refer to?
A)
Q24: In general, the purpose of markets is
Q25: Which of the following is an example
Q26: The market process tends to ensure that
A)
Q27: A table or list of the prices
Q29: The following is an example of the
Q30: An example of the market allocation mechanism
Q31: A market
A) makes possible the exchange of
Q32: An individual demand schedule or curve shows
Q33: According to the law of demand, if
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