Author Question: According to the textbook, which of the following methods for coordinating the supplies and demands ... (Read 13 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
According to the textbook, which of the following methods for coordinating the supplies and demands for scarce goods tends to work best to enhance the freedom and power of people who want the goods?
 
  A) A lottery
  B) Equal shares for all
  C) First come, first served
  D) Highest money bid
  E) Might makes right

Question 2

Inferior goods are those for which demand increases as
 
  A) the price of a substitute falls.
  B) the price of a substitute rises.
  C) income decreases.
  D) income increases.



Cheesycrackers

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

For a complete list of videos, visit our video library