When a Scarce Resource Is Allocated to Someone Who Is

question 58

Multiple Choice

When a scarce resource is allocated to someone who is the winner,the method of resource allocation is

• A)majority rule.
• B)a contest.
• C)first-come,first-served.
• D)force.
• E)personal characteristics.

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Definitions:

Portfolio Return

The overall gain or loss achieved by an investment portfolio, comprising assets of diverse types.

Coefficient of Variation

A statistical measure of the dispersion of data points in a data series around the mean, indicating the relative risk of an investment.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of values.

Expected Returns

The anticipated return on an investment, usually based on historical data and analysis of potential future events.