Allocation of resources

This is how it is decided who will get goods and services when there are not enough for everyone.

• good

• scarcity

• allocation

• services

True or False. Sharing is when you get a good or service because you competed in something and won.

• True

• False

This is when someone in charge decides who will get the good or service.

• authority

• first-come-first-serve

• contest

• lottery

Sarah knows that Tony does not have anything for lunch. She gives him her cookie and chips. This is an example of what type of allocation strategy?

• force

• lottery

• contest

• sharing

Force is when the good or service is taken without your permission.

• True

• False

This is when something earns the most votes wins.

• first-come-first-served

• majority rules

• personal characteristics

• none of these

Tanya and Marie stand in line on Black Friday to be one of the first to get the newest iPhone at a good price. This is an example of...

• contest

• lottery

• majority rules

• first-come-first-served