Allocating Products with Long Lines, Using a First-Come, First-Served System

question 100

Multiple Choice

Allocating products with long lines, using a first-come, first-served system, is:

• A) the only way scarce goods can be allocated.
• B) necessary when waiting is a costless exercise.
• C) efficient, since people who are willing to wait the longest get the products.
• D) inefficient, because waiting wastes time.

---

Definitions:

Lawyers' Edition

A series of law reports specifically designed for legal professionals, containing decisions from the United States Supreme Court and explanatory notes.

Slip-opinion Form

The initial, temporary version of a judicial opinion released shortly after a decision is made, which may be subject to revision.

Filed

The act of officially submitting a document to a court or government agency as part of a legal or administrative process.

Cited

Referenced or mentioned, often in the context of providing evidence or legal support in written documents.