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Gina prefers her science class because the instructor gives quizzes every Friday. In her psychology course, she never knows when there will be a quiz, because the instructor prefers to use "pop quizzes" sporadically. Gina's science instructor is testing her on a ________ schedule.
Efficiency
The optimum allocation of resources to achieve the best possible output or outcome with minimal waste or inefficiency.
Equality
A state or condition of being equal, especially in status, rights, and opportunities.
Total Surplus
The sum of consumer and producer surplus, representing the total benefit to society from a market transaction.
Equilibrium
The state in a market where supply equals demand, leading to a stable price for a given good or service.
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