14 Questions
Which of the following is an example of allocation by personal characteristic?
Choosing Vietnam War draftees
What is the main goal of sporting events?
To determine a winner of the event
Which method of allocation is based on performance?
Scholarships
Which of the following is an example of the allocation method 'First Come, First Served'?
Distributing goods in the former Soviet Union
Which of the following is NOT a benefit of having different allocation methods?
Competition
Which of the following is an example of an allocation method based on 'Fiat (Authority)'?
Selection of congressmen
Which of the following is an example of an allocation method based on 'Voting'?
Allocating public resources by Congress
Which of the following is an example of an allocation method based on 'Random Draw'?
Selecting a raffle or door-prize winner
Which of the following is an example of an allocation method based on 'Personal Characteristic'?
Allocating government benefits based on need
What is the main goal of allocation in sporting events?
To determine a winner of the event
Which of the following is an example of an allocation method based on 'Willingness and Ability to Pay'?
Purchase of tickets to a popular concert
Which of the following is an example of an allocation method based on 'First Come, First Served'?
Goods in the former Soviet Union
Which of the following is an example of an allocation method based on 'Fiat (Authority)'?
Use of resources by a dictator
Which of the following is an example of an allocation method based on 'Voting'?
Selection of congressmen
Test your knowledge on allocation methods with this informative quiz. Learn about how societies, businesses, and families determine the distribution of scarce resources. Explore different allocation methods and see how they impact various systems.
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