stion 9 of 15 SaplingLearning Map People, firms, and even your university must m

Question

stion 9 of 15 SaplingLearning Map People, firms, and even your university must make economic decisions about how best to distribute their resources. Read the follówing scenarió and then answer the following questions by clicking and dragging the BEST answer into the blank. The Eastwestern University theatre department has received $250,000 from the schoors endowment fund to go toward scholarships to improve the department and assist theatre students entering the program Professor Bucktell proposes that they should hold auditions and give $50,000 scholarships to the five most talented applicants in hopes of bringing the best and most promising talent to the school. Professor Rammer thinks that they should divide the money up into $5,000 scholarships to be given to the twenty-five applicants to the program with the most financial need, regardless of talent. Professor Bucktell's proposal is an example of economic Professor Rammer's proposal is an example of economic Equality Scarcily Opportunity Efficiency

Explanation / Answer

Answer:-

Professor Bucktell proposes that they should hold auditions and give $50,000 scholarships to the five most talented applicants in hopes of bringing the best and most promising talent to the school. Example of economic:

Correct Answer:- efficiency

Reason:- Money can be used most effectively to bring the new talent out.

Answer:- Professor Rammer thinks that they should divide the money up into $5,000 scholarships to be given to the twenty-five applicants to the program with the most financial need, regardless of talent. Example of economic:

Correct Answer:- equality

Reason:- Resources are equally divided to all the parties

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