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An economic plan
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What is a structure for allocating scarce resources.?
An economic plan
What is the most crucial problems of economics?
allocating scarce productive resources to satisfy wants.
Most economists agree that markets are weak and ineffective mechanisms for allocating scarce resources?
false
Is a structure for allocating scare resources?
An Economic system
The basic economic problem is that of allocating scarce resources among the competing and virtually limitless wants of?
Consumers In Society.
List a variety of strategies for allocating scarce resources?
Rationing, price control, command economy, reservation for privileged classes like handicapped
Definition of economics by bernardo villegas?
Economics is the science of allocating scarce resources to satisfy man's unlimited, multiple, competing wants and needs.
What is the correct term for the entity that prioritizes incidents for the purpose of allocating scarce resources mobilizes resources ensures inter-agency and inter-jurisdictional coordination?
Incident command team
What are the advantages and disadvantages of allocating resources through the public sector?
The advantage of allocating resources in the public sector is that resources can be produced based on demographic needs. The disadvantage of allocating resources is that there is room for corruption if the wrong individuals are chosen.
What is the correct term for the entity that prioritizes incidents for the purpose of allocating scarce resources mobilizes resource ensures inter-agency and inter-jurisdictional coordination?
Incident command team
Why do some people believe that the market system is the best mechanism for allocating scarce resources?
Some people believe that the market system is the best mechanism for allocating scarce resources because it allows for competition, which can drive efficiency and innovation. They argue that market forces of supply and demand provide a self-regulating mechanism that can efficiently allocate resources based on consumer preferences and willingness to pay. Additionally, proponents of the market system often view it as promoting individual choice and freedom.
What is the correct term for the entity that prioritizes incidents for the purpose of allocating scarce resources mobilizes resource ensures interagency and interjurisdictional coordination?
The government and its various agencies dealing with economic events.
