The optimal bidding strategy in a second-price sealed-bid auction is similar to the optimal bidding strategy in a(n) ________ auction. In both auctions, dominant strategies are at work
A) open-outcry English
B) open-outcry Dutch
C) first-price sealed-bid
D) penny
A
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Explain the differences between inclusive and extractive economic institutions
What will be an ideal response?
Martha and Wendy start a cookie shop and the business is organized as a corporation. Because of poor planning the business goes bankrupt and the corporation's debt is $30,000. Martha has $30,000 in savings and Wendy has $80,000 in savings
Martha must pay ________ of the debt and Wendy must pay ________ of the debt. A) $0; $0 B) $15,000; $15,000 C) $0; $30,000 D) None of the above answers is correct because each must pay but the amount each must pay cannot be determined without more information about who managed the company.
Frictional unemployment will typically be a short-term problem for someone between jobs
a. True b. False Indicate whether the statement is true or false
A rise in interest rates tends to contract the economy by appreciating the currency and reducing net exports.
Answer the following statement true (T) or false (F)