--%>

Allocative Mechanisms-Queuing

I have a problem in economics on Allocative Mechanisms-Queuing. Please help me in the following question. The Queuing frequently comprises: (1) Long waiting lines. (2) Exceptionally low opportunity costs. (3) Fast technological growth. (4) Last-in, first-out accounting systems.

Select the right one.

   Related Questions in Econometrics

  • Q : Brute Force-Allocative Mechanisms The

    The profits to consumers foregone whenever hostile nations spend huge sums on national defense are a symptom of inefficiencies related with the allocative method of: (1) Brute force. (2) Tradition. (3) Queuing. (4) The market-place. (5) Arbitrary selection.

  • Q : Effect of Diminishing Returns on

    Since an economy moves all along a concave (or bowed-out) production possibilities frontier, the: (i) Cost rises for the good whose production increases. (ii) Net value of output should raise. (iii) Unemployment rate drops, however inflation creeps up

  • Q : Allocative Mechanisms-Random Selection

    I have a problem in economics on Random Selection. Please help me in the following question. Rights to drill for the oil on government property are frequently assigned by lottery. If you are blessed you win drilling rights by just submitting your name

  • Q : Outputs of goods for civilian Raising

    Raising the output of goods for military utilization: (i) Is not possible in a completely employed economy. (ii) Always needs reducing the output of the civilian goods. (iii) Decreases the outputs of goods for civilian utilization in a completely employed economy. (iv

  • Q : US production capacity during war Can

    Can someone help me in finding out the right answer from the given options. The economic impact of the World War II on U.S. civilian living standards was: (w) Rigorous since military production skyrocketed. (x) Worse than in almost any other enemy cou

  • Q : Circular Flow Model-People in households

    I have a problem in economics on Circular Flow Model-People in households. Please help me in the following question. In a simple circular flow model, the ‘owners’ of all the resources are classified as: (i) Employees. (ii) Entrepreneurs. (

  • Q : Allocative efficiency of economy The

    The economy is allocatively resourceful when the: (1) Economy is mainly based on pure socialism. (2) Growth rate is maximized since investment surpasses consumption. (3) Output mix is on production possibilities frontier and imitates what people deman

  • Q : Private property and laissez-faire

    Can someone help me in finding out the accurate answer from the following options. The pure capitalism is characterized through: (1) Private property and laissez-faire govt. policies. (2) Business monopolies balanced by the strong labor unions. (3) De

  • Q : Effects of reduced production on Income

    Can someone help me in finding out the right answer from the given options. Relative to the market system, allocation of resources and goods strictly according to requirements or to equivalent shares will most likely outcome in: (1) Decreased production. (2) Accelerat

  • Q : Illustration of the difference in

    In a current Wendy’s TV commercial, a police officer hands a driver a speeding ticket for $75. The response of driver is something to the consequence of as, “Oh gentleman! 75 crispy chicken nuggets!” The response of driver is mainly specific an illus