People who can afford to pay the cost will receive the good or service
Allocation of Goods and Services

Flashcard
•
Social Studies
•
2nd Grade
•
Hard
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8 questions
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1.
FLASHCARD QUESTION
Front
Back
price
2.
FLASHCARD QUESTION
Front
The winners name is chosen. Their name or number might be pulled out of a hat.
Back
lottery
3.
FLASHCARD QUESTION
Front
Goods and services are sold or provided until they run out. The first people to arrive are the people who get them.
Back
First-come, first-served
4.
FLASHCARD QUESTION
Front
Goods and services are provided to people who meet certain qualifications such as having red hair or brown eyes.
Back
Personal Characteristics
5.
FLASHCARD QUESTION
Front
A competition is held where the winner will get the goods or services.
Back
Contest
6.
FLASHCARD QUESTION
Front
What is the principle that states the group with the largest number of votes will win? Example: more people voted for Chick-fil-A than McDonald's.
Back
Majority Rule
7.
FLASHCARD QUESTION
Front
Goods and services are shared with others.
Back
Sharing
8.
FLASHCARD QUESTION
Front
The goods or services are taken by someone who has not earned them.
Back
Force
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