With which choice are you more likely to avoid Bid-rigging cartels?
a. The winning bids are announced
b. The winning bids are not announced
c. Winning bids are announced right after the auction
d. Both A&C
b
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Progressive income taxes are designed to
A. make the distribution of income less equal. B. leave unchanged the distribution of income. C. let the market determine the distribution of income after taxes. D. make the distribution of income more equal.
If a nation's population grows, then
A) growth in real GDP per person will be less than the growth of real GDP. B) there can be no economic growth. C) growth in real GDP per person will be greater than the growth of real GDP. D) there must be an increase in real GDP per person.
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.
If the CPI changed from 210.6 in 2007 to 209.4 in 2008 to 206.3 in 2009, this would be an example of
A. disinflation. B. escalating inflation. C. creeping inflation. D. deflation.