ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC SYSTEMS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
By age, by weight or height, by ancestry, alphabetically by name, by need, etc.
A
Random Draw
B
Fiat
C
First Come, First Served
D
Personal Characteristic
Explanation: 

Detailed explanation-1: -1Lotteries, markets, barter, rationing, and redistribution of income are all methods commonly used to. allocate scarce resources.

Detailed explanation-2: -A demand curve or a supply curve is a relationship between two, and only two, variables: quantity on the horizontal axis and price on the vertical axis.

Detailed explanation-3: -population. a group of organisms of the same species that live in the same area. population density. the number of individuals in a specific area.

There is 1 question to complete.