Which rationing system leads to the most efficient use of available resources?
A. random assignment
B. physical force
C. free market
D. first come, first served
Answer: C
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The five options available to the U.S. Treasury for financing government spending are as follows: collecting taxes, printing currency, borrowing from the Federal Reserve, borrowing from the public, and
A) expanding the money supply. B) devaluing the dollar. C) borrowing from the banking system. D) raising bank reserve requirements.
The replacement of older products by newer improved ones is called
What will be an ideal response?
The production possibilities frontier shows the ________ combinations of two products that can be produced in a particular time period with available resources
A) equitable B) maximum attainable C) only D) minimum attainable
The risk that the party on the other side of a financial transaction fails to meet its obligation is called
A) credit risk. B) currency risk. C) counterparty risk. D) leverage.