What allocation method is the primary method used in the United States?

What will be an ideal response?

While all the different allocation methods—first-come, first-serve, majority rule, contest, force, and so forth—are used in various instances, the primary method used in the United States is allocation using market prices. In the United States, for most goods and services, if someone is willing and able to pay the market price for a good or service, the person can acquire the good or service.

Economics

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Baxter International, a manufacturer of hospital supplies, acquired American Hospital Supply, a distributor of hospital supplies. This is an example of

A) a two-dimensional merger. B) a conglomerate merger. C) a vertical merger. D) a horizontal merger.

Economics

Ceteris paribus, if bond prices rise, then

A) there is no effect on bond yields. B) bond yields will increase as well. C) bond yields will fall D) the Federal reserve must be pursuing contractionary monetary policy.

Economics