The night before enrollment was to open for the University of Johannesburg a line of people more than a mile long formed outside the gates.
When the gates opened, a stampede started, and a woman lost her life in her attempt to secure her son a spot at the university and a chance for a better life. (Source: New York Times, January 10, 2012) Based on the news clip above, the allocation of resources in made using A) market price.
B) auction.
C) first-come, first-served.
D) lottery.
Question 2
Which of the following is TRUE?
A) When a market price allocates resources, everyone who is able to pay the price gets the resource.
B) A command system works well when the lines of authority and responsibility are clear.
C) When the government decides how to allocate tax dollars among competing uses, resources are allocated by command.
D) When a manager offers everyone in the company the opportunity to win a prize, resources are allocated by a market price.
The Pleiades, an open cluster of stars in the constellation of Taurus.
Earthquakes Don’t Kill People—Collapsing Buildings Do
A combination wrench has an open end at one end and a box end at the other end.
Fuel should be heard returning to the fuel tank at the fuel return line if the fuel-pump and ...
Time Line for Evolution of the Universe
Number line for rounding