Which rationing system leads to the most efficient use of available resources?
A) free market
B) physical force
C) first come, first served
D) random assignment

Question

Quizplus · Accepted Answer

In a free market system, prices are determined by supply and demand. This means that resources will be allocated to those who are willing to pay the most for them. This encourages efficiency because producers will produce the goods that consumers are demanding the most, and consumers will only buy what they need or want the most. Those who are not willing to pay the market price will have to look for alternatives or produce the good themselves, which minimizes waste and ensures that resources are used as efficiently as possible.

Which Rationing System Leads to the Most Efficient Use of Available