Multiple Choice
Nonprice rationing systems usually are:
A) inefficient because it is unlikely that those who value the good the most will get it.
B) inefficient because they result in surpluses in the market.
C) efficient because more emphasis is placed on equity and less on wealth.
D) efficient because goods are distributed to those who deserve them most.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: Suppose,given their initial endowments of milk [M]
Q10: use the following table to answer the
Q11: If the MRS at an initial market
Q12: Trade between two consumers will continue until
Q13: When the marginal rates of substitution [MRSs]
Q15: Economic efficiency is sometimes referred to as
Q16: Which of the following must be true
Q17: The initial endowment of goods:<br>A)has no effect
Q18: Use the follwoing figure to answer the
Q19: Use the follwoing figure to answer the