Which of the following is not a common market allocation mechanism in the United States?

Question

Quizplus · Accepted Answer

Socialism is not a common market allocation mechanism in the United States. The common market allocation mechanisms in the United States are price, first-come, first-served, random, and government. Socialism refers to a system in which the means of production and distribution are owned and controlled collectively by the community or government rather than by individuals. The United States is known for its capitalistic approach to the economy, where the allocation of resources is primarily determined by market forces rather than government intervention.

Which of the Following Is Not a Common Market Allocation