1. University of Colorado reserves 5,000 free tickets to each home football game for students. Students must stand in line to receive their ticket. Football tickets are allocated through which method?

a. sharing equally

b. force

c. first-come, first-served

d. market price

e. personal characteristics

2. Honda will sell its vehicles to anyone who wants to and can buy one. Honda is using a ________ allocation method.

a. majority rule

b. market price

c. first-come, first-served

d. command

e. contest

3. The resource allocation method used for the online auctions on eBay is

a. first-come, first-served.

b. lottery.

c. sharing equally.

d. market price.

e. contest.

4. Allocating resources by the order of someone in authority is a ________ allocation method

a. contest

b. first-come, first-served

c. command

d. market price

e. majority rule

5. When the city of Fresno holds a referendum to determine if taxes will be raised to pay for road repairs, the city is using a ________ allocation method.

a. personal characteristics

b. majority rule

c. market price

d. contest

e. command

6. The Ironman Hawaii randomly draws a few hundred slots from thousands of applicants for the race. The method of allocation for the opportunity to participate in the race is ________, and the method of allocation for determining the winner of the race is ________.

a. contest; lottery

b. first-come, first-served; lottery

c. lottery; contest

d. contest; command

e. lottery; first-come, first-served