Which of the following is TRUE?
A) When resources are allocated on the basis of personal characteristics, all people who are willing and able to pay the price get the resource.
B) When the range of activities to be monitored is large and complex, a command system allocates resources better than a market price.
C) When a market price allocates resources, some people who are willing and able to pay that price don't get the resource.
D) Force helps support the legal system on which markets function.
Correct Answer:
Verified
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Q5: Alvin Roth of Harvard won the 2012
Q6: When allocating resources using market price
A) everyone
Q7: Which of the following is TRUE?
A) Lotteries
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
Q12: The value of one more unit of
Q13: Allocating resources by the order of someone
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