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Author Question: According to the textbook, which of the following methods for coordinating the supplies and demands ... (Read 50 times)

jayhills49

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on: Jun 29, 2018
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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


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