Fandom

Economics

MicroF05-II.3

436pages on
this wiki
Add New Page
Talk0 Share

Question from Past Microeconomics Qualifying ExamEdit

Fall 2005 - Section II, Question three, George Mason University

In a number of situations, time rather than money is used to allocate resources. Two examples would include price controls for a product such as gasoline in the 1970s and the use of roads such as the Beltway, in urban areas. Using a model of either situation, (queueing under price controls or traffic congestion), discuss the impacts of using time rather than money in these markets on such factors as quantity and the well-being of the participants in these markets.

AnswerEdit

Other QuestionsEdit

Ad blocker interference detected!


Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.