Which of the following is a possible rationing device?
A) dollar price
B) first-come-first-served
C) brute force
D) a and b
E) a, b, and c
E
Economics
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If compared against other criteria for evaluating the public interest, the social welfare function is most comparable to _____
a. utilitarianism b. the Pareto criteria c. the potential compensation criterion d. cost-benefit analysis
Economics
When there are fewer substitutes available for a good, _____
a. the demand for the good is unit elastic b. the supply of the good is perfectly elastic c. buyers pay less of the tax than the sellers d. sellers pass more of the tax burden to the buyers
Economics