To attract more bidders, and more aggressive bidders, to your common-value auction
a. withhold relevant information about the value of the object
b. don't allow bidders to know how others are bidding
c. do not allow potential bidders to examine the object too closely
d. hold oral auctions
d
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In the classical theory of employment, a decline in the rate of interest will
A. decrease saving and investment. B. decrease saving and increase investment. C. increase saving and decrease investment. D. increase saving and investment.
If, when recovering from an inflationary period, the inflation rate declines and the unemployment rate also declines, this could be the result of
A. aggregate supply decreasing at a faster rate than aggregate demand is increasing. B. aggregate supply decreasing at a faster rate than aggregate demand is decreasing. C. aggregate supply increasing at a slower rate than aggregate demand is decreasing. D. aggregate supply increasing at a faster rate than aggregate demand is decreasing.
Imperfect competition
A. means there is no competition in the market. B. should always be regulated by the government C. is a major cause of externalities in the market. D. results in less efficient market outcomes.
Which of the following nations experienced average rates of economic growth of less than 2 percent over the last 100 years or so?
a. Bangladesh b. Pakistan c. United Kingdom d. All of the above are correct.