Which rationing system leads to the most efficient use of available resources?
A) free market
B) physical force
C) first come, first served
D) random assignment
A
Economics
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An economy grows when its population increases.
Answer the following statement true (T) or false (F)
Economics
?Hair Pins /hourBandanas /hourNigel410Mia93
Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Mia's opportunity cost of producing one hair pin is:
A. 1/3 of a bandana. B. 2.5 bandanas. C. 3 bandanas. D. 10 bandanas.
Economics