Problem
1. Give some examples of circumstances where rotes and lotteries are used to ration scarce resources.
2. Why do universities and other higher education institutions insist on certain 'N level grades as an entry requirement? Could the student loan scheme be described as a movement towards using the price mechanism?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.