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Soal 9 The resource allocation method that is used to allocate scarce resources between private use...

Soal 9 The resource allocation method that is used to allocate scarce resources between private use and government use is Select one
a. first-come, first-served.
b. lottery.
C. majority rule,
d. personal characteristics.

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Answer #1

Correct answer is option c i.e. majority rule as it is used when decision affects several people and self interest is put down in such a way that scarce resources are used efficiently. Tax rates allocate resources between private and government use and tax dollars allocate resources between different competing uses.

Option a is incorrect as first come , first served method is used to allocate resources depending upon who was first in line. This method is best when scarce resources can serve just a single individual at a time.

Option b is incorrect as lottery method is used when there is no effective method to distribute scarce resources among potential users.

Option d is incorrect as personal characteristics as this method only allocate resources to those who have right characteristics.

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