Multiple Choice
Which of the following situations describing a resource allocation method most resembles the market price method?
A) Food from the Salvation Army Food Bank is distributed to families in need.
B) Seventy per cent of Austin's chess club wanted to purchase new chess sets and thirty per cent did not. The club purchased the sets.
C) Lattes are sold at Starbucks.
D) Jose works at Intel. His manager tells him what work needs to be completed each month.
E) Matt's mother has the rule that whoever cuts the cake chooses their slice last.
Correct Answer:

Verified
Correct Answer:
Verified
Q49: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above
Q50: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -In the figure
Q51: Which of the following statements is correct?<br>A)
Q52: To achieve allocative efficiency, an economy<br>A) must
Q53: Consumers' total benefit from consuming a good
Q55: If the price is greater than the
Q56: If the government imposes a tax on
Q57: The supply curve of a good or
Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -In the figure
Q59: Allocating resources by the order of someone