--%>

Problem on distributing welfare needs

According to the need criterion of distribution: (1) The market system most proficiently allots all goods. (2) Government must distribute output in accord with requirement. (3) Wages according to requirement, gain according to greed. (4) People must produce in proportion to their requirements.

Can someone please help me in finding out the accurate answer from the above options.

   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 : 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 : Expanding the Diminishing Returns Can

    Can someone help me in finding out the right answer from the given options. The law of diminishing returns refers to the rising: (1) Complexities encountered in expanding any activity continually. (2) Reductions in the costs from expanding big scale p

  • Q : History of idle capacity during world

    Can someone please help me in finding out the right answer from the following question. Huge idle capacity in the U.S. at the beginning of World War II made: (1) The war costless for United States. (2) U.S. living standards drop more than had all reso

  • Q : Diminishing Returns for different kinds

    The Standard economic suppositions recommend that the production possibilities frontiers are concave from beneath [from origin] mainly because: (i) People desire additional units of a good less the more of good they encompass. (ii) The relative produc

  • 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 : 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 : Expansion of the ability to produce

    Decreasing consumer goods output to generate more capital goods this year will outcome: (i) Slower growth of economy's future prolific capacity. (ii) Rapid expansion of the capability to produce in the future. (iii) No consequence on the future capaci

  • Q : Allocative Mechanisms-Traditional system

    I have a problem in economics on Allocative Mechanisms-Traditional system. Please help me in the following question. Interactions of private sellers and buyers recognize the bulk of resource allocation in a: (1) Queuing system.(2) Market system. (3) T

  • Q : Increasing Costs-Production

    The Production possibilities frontiers (or PPFs) tend to be ‘bowed out’ since: (i) More of one good mandates the lower production of other. (ii) A few resources are inevitably underutilized or unemployed. (iii) Technology is supposed const