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  3. Study Set
    Foundations of Macroeconomics
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    Exam 6: Efficiency and Fairness of Markets
  5. Question
    Allocating Resources by the Order of Someone in Authority Is
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Allocating Resources by the Order of Someone in Authority Is

Question 62

Question 62

Multiple Choice

Allocating resources by the order of someone in authority is a ________ allocation method.


A) first-come, first-served
B) market price
C) contest
D) majority rule
E) command

Correct Answer:

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