My top three strategies for allocating scarce resources are sharing equally.docx

My top three strategies for allocating scarce resources are sharing equally.docx

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1. My top three strategies for allocating scarce resources are sharing equally, rationing, and first come. My primary reason for choosing these three is that they seem to be the most fair option among all possible allocation methods, as sharing equally divides the resources evenly amongst every person, rationing is a tactic that the government has previously used based upon the size of families or the previous usage, which provides a general basis, and first come depends on who has the most incentive to acquire the resource. 2. In normal circumstances, the most common method used for allocating goods and services is income and wealth, such as the selling prices of many fancy sports cars, like Ferraris, Rolls Royce’s, or others, or constant housekeeping in the form of maids, butlers, cooks, and others. However, in emergency situations, resources are usually allocated using rations or through force. Charities or search-and-rescue teams will ration out water
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  • Spring '17
  • Sarah Wexler
  • Rationing, desirable characteristics, case of desirable characteristics

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