Even in the United States, Not All Allocation Is Carried

question 2

Multiple Choice

Even in the United States, not all allocation is carried out in a market because, in some cases, people

• A) want more of the product.
• B) want less of the product.
• C) do not like the market outcome.
• D) support the market outcome.
• E) disagree with a random allocation.

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Definitions:

Simple Interest

Interest calculated only on the initial amount of a loan or principal, not on the interest previously earned.

Payments

Amounts of money that are paid or due to be paid as part of a contractual agreement or obligation.

Personal Line

A personal line of credit, a type of unsecured loan that provides a borrower access to a set amount of money which they can borrow from as needed.

Prime Rate

The interest rate that banks charge their most creditworthy customers.