Contests Do a Good Job in Resource Allocation

question 101

Multiple Choice

Contests do a good job in resource allocation

• A)under any circumstances.
• B)when the efforts of the players are easy to monitor and reward directly.
• C)when the efforts of the players are hard to monitor and reward directly.
• D)when the first-come,first-served allocation method has failed.
• E)only under a command system.

---

Definitions:

Depressed People

Individuals experiencing a mood disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Hopeless

A state of despair, characterized by a lack of hope, optimism, and a feeling that there is no possibility of improvement.

Mania

A mental state characterized by extremely elevated mood, energy, and unusual thought patterns, often associated with bipolar disorder.

Impulsive Behavior

Actions performed with little or no forethought, reflection, or consideration of the consequences.