What Do Markets with Prices, Dormitory Lotteries, and First-Come-First-Served Rules

question 58

Multiple Choice

What do markets with prices, dormitory lotteries, and first-come-first-served rules have in common?

• A) They were designed by economic engineers.
• B) They are coordination mechanisms.
• C) They are nudges.
• D) They use price incentives.

---

Definitions:

Loaded Questions

Questions that contain a presupposition or imply something that may trigger emotions or biases, often making them difficult to answer directly.

Polite Questions

Involves asking queries in a respectful and considerate manner to avoid offending or imposing on the respondent.

Closed-ended Questions

Questions structured to elicit a specific, typically brief answer, limiting the range of responses.

Summarization

The process of reducing a large volume of information into its main points, effectively communicating the essence of the content in a shorter format.