What Method of Resource Allocation Depends on Willingness-To-Pay and Ability-To-Pay

question 39

Multiple Choice

What method of resource allocation depends on willingness-to-pay and ability-to-pay?

• A)command
• B)lottery
• C)market price
• D)first-come,first-served
• E)force

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Definitions:

Antipsychotics

A class of medication primarily used to manage psychosis, including disorders such as schizophrenia and bipolar disorder, by altering brain chemistry.

Reliability

A measure of the consistency of test or research results.

Validity

The accuracy of a test’s or study’s results; that is, the extent to which the test or study actually measures or shows what it claims.

Bias

A tendency or preference towards a particular perspective, ideology, or result, often leading to unfair outcomes.