Author Question: A contest is a good way to allocate scarce resources when A) the efforts of the players are hard ... (Read 96 times)

c0205847 · **on:** Jun 29, 2018

A contest is a good way to allocate scarce resources when

A) the efforts of the players are hard to monitor directly.
B) the lines of responsibility are clear.
C) the decision being made affects a large number of people.
D) there is no effective way to distinguish among potential users.

Question 2

The chairman of the Federal Reserve's Board of Governors

A) controls the agenda of the Federal Open Market Committee meetings.
B) is the main point of contact between the Fed and the President of the U.S.
C) receives frequent background briefings on monetary policy issues from a large staff of economists and technical experts.
D) All of the above answers are correct.