Question

33. Which of the following is a method of allocating resources?

A. First come first served
B. Personal attributes
C. Lottery
D. All of the above

Answer 1

Answer: All of the above

Explanation: First come and serve is the most popular resource allocation factor to maintain no partiality. Elites of the society always get an upper hand when it comes to resources because of their power and influence on layers of the government. Government stamped lotteries are a way to uplift the commoners and pay back to their taxes and

Answer 2

A - First come, first served & The first to arrive allocates scarce resources to those who come first.

Here are some examples of this method: In a restaurant, a table is assigned to the first-comer, in a supermarket or theater, the person in the front row can check out first or buy a ticket to their favorite movie. Because of this, the presence of the person on the front line helps in resource allocation, not availability or ability to pay