As far as we know,auctions first emerged:
A) as e-commerce exploded in recent years.
B) when capitalism became a popular form of economic organization.
C) after the emergence of communism, because black markets were popular in centrally planned economies.
D) in Babylonian marriage markets.
E) to increase efficiency in the trading of commodities.

Question

Quizplus · Accepted Answer

Auctions can be traced back to the Babylonian era, where they were used as a means of auctioning off brides to potential grooms in a public marketplace. Thus, the correct option is D - auctions first emerged in Babylonian marriage markets.

As Far as We Know,auctions First Emerged