After you have studied Emics in the News on pp. 124-125, answer the following questions.

a. What is the method used to allocate highway space in Canada and what is the method used in Singapore?

b. Who benefits from Canada's method of high- way resource allocation? Explain your answer using the ideas of marginal social benefit, marginal social cost, consumer surplus, and producer surplus. Who benefits from Singapore's method of highway resource allocation? Explain your answer using the ideas of marginal social ben- cfit, marginal social cost, consumer surplus, and producer surplus

d. If road use were rationed by limiting drivers with even-date birthdays to drive only on even days (and odd-date birthdays to drive only on odd days), would highway use be more effi- cient? Explain your answer.