Which of the following is true of a second-price sealed-bid auction?
A) Bidders directly compete with each other.
B) Bidders submit their bids simultaneously.
C) Bidders know each other's bid.
D) Bidders always bid above their willingness to pay.
B
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If the random walk theory is correct, then is there any way to "beat the market"?
What will be an ideal response?
If C = $7,000 . + 0.75(Y) and intended investment is $2,000 . then the equilibrium level of national income will be
a. $1,500 b. $5,142 c. $36,000 d. $9,500 e. $9,000
The rapid growth in stock prices during the 1920s was due in large part to
a. the expansionary monetary policy of the Federal Reserve. b. the wartime demand for military equipment and supplies. c. the artificially high value of the dollar, which eventually led to the stock market crash of 1929. d. the technological innovations of the decade, which spurred economic growth.
Productive efficiency implies
What will be an ideal response?