Allocation of goods and services

A service is .....

• something someone does for you.

• something someone makes.

• something someone creates.

• something you find in a store.

A good is......

• something you buy.

• something you need or want.

• something you use or consume.

• All of the above

When goods or services are hard to get or find, we say they are......

• easy.

• scarce.

• empty.

• plentiful.

When goods, services or resources are scarce, sometimes the cost of that good or service goes up and it becomes expensive. We call this allocation by ....

• lottery.

• sharing.

• price.

• contest.

When goods, services or resources are scarce, decisions have to be made about who will have them first. We call this process.......

• allocation.

• consumers.

• producers.

• economics.

Sometimes when goods, services or resources are scarce, the first people who come to get them, are the first to receive them. We call this.....

• a contest

• a lottery.

• first come, first served.

• drawing a name out of a hat.

Sometimes when goods or services are scare people divide things out so that everyone who wants or needs it gets a little bit. We call this method of allocation......

• personal characteristics.

• a contest.

• first come, first served.

• sharing.

Giving goods, services, or resources out to the people who need them most is called allocation by.....

• personal characteristics.

• sharing.

• a lottery.

• a contest.

Sometimes, the person, or people in charge must make decisions about how goods, services or resources should be allocated. This is call allocation by....

• majority rule.

• personal characteristics.

• authority.

• a contest.

Sometimes goods, services or resources are given to people because they win them. We call this method of allocation....

• a contest, a drawing or a lottery.

• sharing.

• price.

• majority rule.