Examlex
A researcher can demonstrate an ability to complete a proposed qualitative project in what two ways?
Nonprice Ration
Distributing or allocating goods based on criteria other than price, such as need or merit.
Short Run
A period in which at least one input (such as plant size) is fixed, and only the variable inputs can be adjusted.
Price System
An economic mechanism that uses prices arising from supply and demand interactions to communicate information to help guide the allocation of resources.
Scarce Goods
Goods that are limited in supply in comparison to their demand, necessitating allocation mechanisms.
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