The below scenario is an example for which method of resource allocation.
Example: Governments can require citizens to serve in the military, allocating human resources based on need rather than voluntary enlistment.
Question 17
a) Contest
b) First-come, first-serve
c) Lottery
d) Force
Category: Economics
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(Answered) The below scenario is an example for which method of resource allocation. Example: Governments can…
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(Answered) In a Nach equilibrium firms are clearly strategically interdependent and a they are non-cooperative…
In a Nach equilibrium firms are clearly strategically interdependent and a they are non-cooperative in determining market outcomes BD determined price in a closed auction bit system see they are dependent on differentiated goods or they cooperate with each other to determine market outcomes
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(Answered) Who is a binding price ceiling policy intended to protect?Consumers, by keeping prices below the…
➤ When is a price ceiling non-binding, and what does that mean for consumers?
A price ceiling is non-binding when it lies above the market equilibrium price. In that case, the ceiling has no effect and consumers receive no extra protection. Market transactions continue at the equilibrium price, so there are no shortages or supply distortions unless the equilibrium price later rises above the ceiling. -
(Answered) holiday beach is a world-renowned beach operated by Holiday Town. The beach is remotely located and…
holiday beach is a world-renowned beach operated by Holiday Town. The beach is remotely located and the only parking area for the beach is controlled by the town government. Assume the marginal cost of providing a daily parking pass is a constant $4. At what price will tourists be charged?
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(Answered) What costs might such restrictions involve? (Mark all that apply.)A. High costs of enforcing…
What costs might such restrictions involve? (Mark all that apply.)
A. High costs of enforcing capital controls
B. Loss of effectiveness of fiscal policy
C. Inability to achieve external balance
D. Loss of effectiveness of monetary policy
E. Inefficiency due to the interest rate differential -
(Answered) Using your results from question 1, predict the number of tickets sold (in millions) in a movie…
Using your results from question 1, predict the number of tickets sold (in millions) in a movie with an advertising budget of 11 million dollars. Report your final answer using three decimal places. For example, if your answer is 20.6512008 million tickets, type 20.651 as your response.
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(Answered) Do you think the response of consumption would be di¤erent if the government did not nance the…
Do you think the response of consumption would be different if the government did not finance the increase in government spending today (taken to be time 0) with the lump-sum tax, but instead financed it by issuing debt to be repaid by taxation in the future? What is your intuition for your answer?
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(Answered) Does the money demand curve have a positive slope or a negative slope? Why does it have this slope?…
Does the money demand curve have a positive slope or a negative slope? Why does it have this slope? Explain why an increase in the variable on the vertical axis of the money demand curve causes either an increase or a decrease in the variable on the horizontal axis of the money demand curve.
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(Answered) QUESTION TWO2.1 According to Nieuwenhuizen (2019:315) human capital arguably plays a critical role…
QUESTION TWO2.1 According to Nieuwenhuizen (2019:315) human capital arguably plays a critical role in the process of entrepreneurship.Critically assess this statement by defining entrepreneurial human capital and evaluate the human capital variables most pertinent to entrepreneurship. (20)
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(Answered) Question 342 那If the FDI is a substitute for imports of goods or services, the effect can be to…
Question 342
If the FDI is a substitute for imports of goods or services, the effect can be to improve the balance of payments of the host country.
offshore account
currency account
market imperfections
current account