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Rationing, price control, command economy, reservation for privileged classes like handicapped
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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
The basic economic problem is that of allocating scarce resources among the competing and virtually limitless wants of?
Consumers In Society.
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 a structure for allocating scarce resources.?
An economic plan
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
The basic economic problem is that of allocating scarce resources among the competing and virtually limitless wants of?
Consumers In Society.
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
Definition of economics by bernardo villegas?
Economics is the science of allocating scarce resources to satisfy man's unlimited, multiple, competing wants and needs.
A system of allocating scarce goods and services using criteria other than price is .?
A system of allocating scarce goods and services using criteria other than price is _____.
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
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.
What are the importance of scale of preference to firms?
1. it helps individuals or groups to meet their maximum satisfaction using their limited resources. 2. it also helps individuals to make the right choices when it comes to allocating their scarce resources. 3. it promotes the efficient use of the scarce resources. 4.the priorities of the individual or firms are properly set through scale of preference.
Why all goods and services are scarce?
All resources are scarce.
