An indifference curve between one dozen eggs and several dozens of eggs would be
A) bowed in to the origin.
B) bowed out from the origin.
C) a downward sloping straight line.
D) a straight line from the origin.
Answer: C
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Based on the table above, between 2013 and 2014, the inflation rate in this country was
A) 2.5 percent. B) -1.5 percent. C) -2.5 percent. D) 98.5 percent. E) 105.1 percent.
Statements about what ought to be are called
A) positive statements. B) normative statements. C) assumptions. D) implications.
This factor contributes to the winner's curse
a. your estimate of the value of the object was the most optimistic b. your bid was not the highest c. there were not many other bidders you had to beat out d. you did not shade your bid enough
Increased government borrowing stimulates private borrowing because of its effect on interest rates
a. True b. False Indicate whether the statement is true or false