Under the 1889 indian appropriations act, lands designated as “unassigned” were open to settlement by whichever settler staked a claim to the land earliest. this type of resource allocation is known as
a
a lottery.
b
an auction.
c
majority rule.
d
first come, first served.

The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t

Security a has a higher standard deviation of returns than security b. we would expect that: (i) security a would have a risk premium equal to security b. (ii) the likely range of returns for security a in any given year would be higher than the likely range of returns for security b. (iii) the sharpe ratio of a will be higher than the sharpe ratio of b. (a) i only (b) i and ii only (c) ii and iii only (d) i, ii and iii

Why is efficiency an important economic goal?