Which of the Following Is True

question 14

Multiple Choice

Which of the following is true?

• A) Lotteries work best when a resource can serve just one user at a time in a sequence.
• B) A market price always allocates resources better than a command system.
• C) In the United States, how tax dollars are allocated among competing uses is an example of how resources are allocated by majority rule.
• D) Force has never played an important role in allocating scarce resources.

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Definitions:

Federal Substantive Law

Pertains to the body of law that creates, defines, and regulates the rights and duties of parties within the United States federal legal system.

State Substantive Law

Laws that govern how matters such as contracts, property, and family issues are to be handled within a state.

Federal Procedural Law

Rules that govern the procedures for courts and judicial administration within the federal legal system.

Arbitrator Award

The final decision made by an arbitrator or arbitration panel in a dispute resolution process, which is binding and enforceable upon the parties involved.