Allocating Scarce Resources Review

Directions: Given the description below, choose the appropriate strategy to allocate scarce resources.

1. If you have the most money, you receive the resource.
2. The people vote to determine who will receive the resource.
3. Whoever wins gets the resource. (Think: The Hunger Games)
4. The strongest (physically, mentally, politically) person takes the resource.
5. The resource is divided amongst several different people.
6. A random drawing decides who will receive the resource.
7. A centralized group decides who will receive the resource.
8. The first person to arrive receives the resource.
9. The person who has been somewhere the longest receives the resource.

A. Personal Characteristics
B. Authority
C. Lottery
D. Price
E. Sharing
F. Majority Rule
G. Force
H. Contests
I. First Come, First Served

Question

11-08-2024
Social Studies

Answered

Allocating Scarce Resources Review

Directions: Given the description below, choose the appropriate strategy to allocate scarce resources.

1. If you have the most money, you receive the resource.
2. The people vote to determine who will receive the resource.
3. Whoever wins gets the resource. (Think: The Hunger Games)
4. The strongest (physically, mentally, politically) person takes the resource.
5. The resource is divided amongst several different people.
6. A random drawing decides who will receive the resource.
7. A centralized group decides who will receive the resource.
8. The first person to arrive receives the resource.
9. The person who has been somewhere the longest receives the resource.

A. Personal Characteristics
B. Authority
C. Lottery
D. Price
E. Sharing
F. Majority Rule
G. Force
H. Contests
I. First Come, First Served

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-08-11T13:30:33-04:00

Final answer:

The question discusses strategies for allocating scarce resources in various scenarios, such as through authority, lottery systems, and first come, first served approaches.

Explanation:

Resource allocation strategies:

Authority: A centralized group decides who will receive the resource based on their position or authority.
Lottery: A random drawing determines the recipient of the resource, ensuring fairness.
First Come, First Served: The first person to arrive receives the resource, promoting efficiency.

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