Which of the Following Is Most Likely to Be the Most

question 38

Multiple Choice

Which of the following is most likely to be the most efficient method of allocation of a scarce resource?

• A)A first-come,first-served policy
• B)Doling out coupons with the right to purchase a good
• C)Conducting a lottery for the right to purchase a good
• D)A competitive exchange

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Definitions:

Linear

Pertaining to something that is directly proportional or follows a straight-line relationship in mathematics or physics.

Cosine

A trigonometric function that represents the ratio of the length of the adjacent side to the hypotenuse of a right-angled triangle.

RMS

Root Mean Square is a statistical tool used to determine the magnitude of a variable quantity, frequently applied in determining the effective value of alternating current.

Peak

The maximum value or highest point reached by a quantity or phenomenon, such as voltage or current in a circuit.