--%>
Assignment Help - homework help

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. This is an illustration of: (i) Central planning. (ii) Random selection. (iii) Queuing. (iv) Arbitration.

   Related Questions in Econometrics

  • Q : Technological advances in allocative

    I have a problem in economics on Technological advances in allocative mechanisms. Please help me in the following question. Not among major kinds of allocative methods would be: (i) Technological advances. (ii) Government. (iii) Queuing. (iv) Traditio

    		•
  • Q : Problem regarding Production

    Can someone help me in finding out the right answer from the given options. Limits to what a society can make all through given periods are recognized by: (1) Production possibilities frontiers. (2) Social outcomes about “what?”, “how?” and &ld

    		•
  • Q : Problem on suppliers or entrepreneurs

    The fundamental issue of how production will be systematized in a market economy is most directly and instantly recognized by: (i) Govt. officials. (ii) Economic fore-casters. (iii) Suppliers or entrepreneurs. (iv) Worker committees. (v) Consumers.

    Q : Honesty and integrity in market

    The economic system which in theory depends relatively the least for its efficiency and in general success on honesty and integrity and humanitarianism of members of the economically and socially and most of the elite groups in the system are about ce

    		•
  • Q : Preferences among kinds of current goods

    The Society's production possibilities frontier would not be shifted by modifications in: (1) The production technology. (2) Quality of the resources available. (3) Amounts of resources accessible. (4) Preferences among kinds of current goods.

  • Q : Circular Flows-Combine resources The

    The structure of a circular flow model prevents the possibility that corporations eventually: (1) Generate goods. (2) Produce revenue by selling the products. (3) Combine the resources inefficiently. (4) Bear the load of lost purchasing power from tax

    		•
  • Q : Allocative Mechanisms-Inheritances of

    The Feudal society in which a ‘divine right’ to govern arose via inheritances of such titles as ‘king’ or ‘queen’ relied relatively greatly on an allocative method of: (i) Enthronement. (ii) Secularism. (iii) Merito

    		•
  • Q : How Laissez-faire economic policies

    Can someone help me in finding out the right answer from the given options. I have a problem in economics on Laissez-faire economic policies. Please help me in the following question. Laissez-faire economic policies would be dominant beneath pure: (1)

    		•
  • Q : Free goods Scarcity The government

    The government decision makers in all societies can most simply and safely avoid: (i) Questions regarding "what, how, and for whom?" (ii) Free goods. (iii) The effects of scarcity. (iv) Issues of the income distribution. (v) Economic inefficiency.

    Q : Allocative and distributive decisions

    In countries which rely greatly on centralized decision making most: (i) Main allocative decisions are made by the consumers and business organizations. (ii) Allocative and distributive decisions are made by government. (iii) Nonhuman resources are owned and controlle

    		•