Which Rationing System Leads to the Most Efficient Use of Available

question 184

Multiple Choice

Which rationing system leads to the most efficient use of available resources?

• A) free market
• B) physical force
• C) first come, first served
• D) random assignment

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Definitions:

Liquidation

The process of bringing a business to an end and distributing its assets to claimants, often preceded by insolvency.

Noncash Assets

Assets that cannot be easily converted to cash but hold value, such as real estate, equipment, and intellectual property.

Deficit

The amount by which expenses exceed income or costs exceed revenues.

Liquidation Expenses

Costs associated with winding up a company's operations and distributing its assets to claimants, often occurring in the event of bankruptcy.