Ebay's use of "bidding agents" will
a. effectively turn an English auction into a Vickery auction
b. effectively turn a Vickery auction into an English auction
c. decide how much to shade your bid for you
d. make you a more aggressive bidder
a
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The concept of demand as used in economic theory expresses the relationship between the quantity of a good people will want to purchase and
A) the price of complementary goods. B) the price of that good. C) the supply of substitute goods. D) the supply of that good. E) their welfare overall.
Nationwide banking might reduce bank failures due to
A) reduced competition. B) reduced lending to small businesses. C) diversification of loan portfolios across state lines. D) elimination of community banks.
The only way to avoid the free rider problem is to allow the government to provide a public good
a. True b. False Indicate whether the statement is true or false
Right now our national debt is
A. between $6 and $8 trillion. B. between $8 and $10 trillion. C. between $10 and $12 trillion. D. over $12 trillion.