--%>
Assignment Help - homework help

Problem on Allocative Mechanisms

The allocation method not paired with a suitable illustration would be: (1) Merit - awarding improved grades to the students who perform excellent on an exam. (2) Arbitrary selection - Congress activates a draft to safe soldiers to serve up in Iraq. (3) Tradition - the family’s oldest son inherits the family owned taxi repair shop. (4) Queuing - providing top corporate (CEO) positions to untrained candidates to compensate those who suffer most since of capitalistic exploitation. (5) Brute force - Brutus hits Wimpy 4-times before Wimpy relents and provides Brutus his marbles and hamburgers.

   Related Questions in Econometrics

  • Q : Confronting the problem of US scarcity

    The main mechanism employed in United States to confront the problem of scarcity is: (1) The market system, that relies on prices to the direct production. (2) The mixture of brute force and tradition. (3) Arbitrary selection, however queuing as well

    		•
  • Q : Capitalistic economies of wars Even if

    Even if most resources are privately owned, most of the major economic decisions are made by the government if: (i) Decentralized planners respect the Soviet economy. (ii) Laissez faire policies are national goal. (iii) Capitalistic economies assemble

    		•
  • Q : Problem on relative household incomes

    The most complex concepts to exemplify with a graph of a production possibilities frontier would be: (1) Associative prices and opportunity costs. (2) Productive inadequacy and unemployment. (3) Scarcity and choices. (4) Diminishing returns. (e) Assoc

    		•
  • Q : Allocative Mechanisms Allocative

    Allocative mechanisms like the market system, queuing, brute force, and random choice: (1) Depict the menu accessible to a society with infinite resources. (2) Illustrate relationships among inputs and outputs. (3) All tend to be less proficient than

    		•
  • Q : Circular Flow Model-wages and interest

    In simple circular flow model, the payments organizations make via resource markets are: (1) Services and goods. (2) Gross Domestic Product. (3) Wages, rents, interest, and gains. (4) Aggregate expenses. (5) Net revenue. Can someon

    		•
  • Q : Problem on Allocative Mechanisms The

    The allocation method not paired with a suitable illustration would be: (1) Merit - awarding improved grades to the students who perform excellent on an exam. (2) Arbitrary selection - Congress activates a draft to safe soldiers to serve up in Iraq. (

    		•
  • Q : Diminishing Returns-Bow out Whenever

    Whenever the law of diminishing returns applies to the production processes, then the associated production possibilities frontier should: (1) Produce reducing costs as output grows. (2) Bow in (that is, be convex) from the origin. (3) Be a rectangular hyperbola. (4)

    		•
  • Q : Involvement of Queuing I have a problem

    I have a problem in economics on Involvement of Queuing. Please help me in the following question. Queuing entails: (i) Fundamental skills for play pool. (ii) Low opportunity costs for the busy people. (iii) Assembly-line forms of the production. (iv) First-come, firs

    		•
  • Q : Distribution In the quintile

    In the quintile distribution of income, the term "quintile" represents?

    		•
  • Q : Entailing the allocation of queuing The

    The allocation by queuing entails waste since some people: (i) Overstress their work credentials to acquire good jobs. (ii) May gain whereas others lose whenever lotteries are employed. (iii) Will spend long, fruitless periods waiting in line. (iv) Co

    		•