Suppose your economics professor has an extra copy of textbook that he or she would like to give to a student in the class. Which of the following schemes is the most likely to result in an efficient outcome?
A. Auctioning off the textbook to the highest bidder.
B. Letting students take turns using the textbook.
C. Randomly selecting one student to receive the textbook.
D. Giving the textbook to the student who has the lowest midterm score.
Answer: A
Economics
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Markets in which the currencies of different countries across the world are traded are called:
a. stock markets. b. foreign exchange markets. c. loanable funds markets. d. commodity markets. e. money markets.
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