There are three ways to ration resources outside the price mechanism through queues through lotteries through coupons Choose ONE of the above three to ration resources How do you choose a method to address resource allocation What are the advantages of your choice over the other two Develop a model in the context of your home country that shows why your chosen method will be a better option compared to the other two

Question: There are three ways to ration resources outside the price mechanism: through queues; through lotteries; through coupons. Choose ONE of the above three to ration

There are three ways to ration resources outside the price mechanism: through queues; through lotteries; through coupons. Choose ONE of the above three to ration resources

How do you choose a method to address resource allocation?
What are the advantages of your choice over the other two?
Develop a model in the context of your home country that shows why your chosen method will be a better option compared to the other two.

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