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

question 62

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.(True Answer )Correct

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Definitions:

Merge Cells

A function in spreadsheet and table applications that combines two or more cells into a single cell.

Divide Cell

In spreadsheet or table applications, a feature to split one cell into multiple cells horizontally or vertically.

Sort Rows

The process of arranging data in a table or spreadsheet into a specific order based on the values in one or more columns.

Heights

The measurement of an object or entity from its base to its top.