An English auction is a(n) ________-bid auction in which participants ________ observe other participants' bids.
A) ascending; do
B) descending; do not
C) descending; do
D) ascending; do not
A) ascending; do
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Exchange rates and banking systems are often the variables through which the contagion effects of a crisis are spread from one country to another
Indicate whether the statement is true or false
With higher future taxes
A) current consumption declines. B) current consumption stays the same. C) current consumption increases. D) current consumption depends on other factors.
A case for equality of income distribution can be based on
a. the randomness of personal misfortune b. the linkage between effort and reward c. the ethic "from each according to his or her ability to each according to his or her ability" d. allowing the market to dictate outcomes e. maximization of opportunity
In the Keynesian model in the short run, what is likely to happen to employment after each of the following shocks?(a)An increase in taxes(b)An increase in consumer spending generated by a reduced desire for saving(c)An increase in the money supply
What will be an ideal response?