Recent studies show that recent immigrants compete for jobs with immigrants who came into the country earlier.
Answer the following statement true (T) or false (F)
True
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More bidders increase the selling price at an oral auction because
a. bidders bid more aggressively b. the true value of the winner is higher c. the true values of the losers is higher d. bidders shade their bids by less
A market in which firms can enter if they choose and exit without losing money invested is
A. pure monopoly. B. duopoly. C. contestable. D. a market where there are kinked demand curves.
Suppose goods A and B are substitutes. If the price of good A increases, will the demand for good B increase or decrease?
If an American traveling abroad can obtain 115 euros for $100 U.S. the current euro per $ exchange rate is:
A. 1euro/1.15$. B. 1.15 euros/$. C. 115euros/$. D. 0.870 euros/$.