Examlex
Two students are given a project to work on together. Each student could either work or shirk. There is no individual accountability; each student receives the same grade regardless of how much work he or she contributes. One student is a weak student who prefers partying and the other is a serious student who prefers working hard. How can the teacher adjust the incentive scheme to ensure equal effort by both students?
Traditional Currency
Money that is issued by governments as legal tender, typically in the form of coins and paper bills, used as a medium of exchange for goods and services.
Volatile
Pertains to substances that easily vaporize at normal temperatures or data storage that lose its content when power is switched off, in computing contexts.
B2B
Business-to-Business, transactions or commercial activities conducted between companies, as opposed to between companies and consumers (B2C).
B2C
Business-to-Consumer, referring to the direct commercial transactions and relationships between businesses and end-users or consumers.
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