Allocation schemes can be based on
A) prices.
B) randomness.
C) government decisions.
D) all of these choices.
B
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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
The multiplier will be greater, other things being equal: a. the smaller the fraction of each dollar earned that goes to taxes
b. the larger the MPC. c. the smaller the fraction of each dollar of disposable income that goes to saving. d. all of the above are true.
When the owner of an asset sells it for more than she paid for it, she has a(n)
A. asset accumulation. B. unnatural profit. C. realized capital gain. D. tax-free profit.
In the above figure, a movement from point B to point C could be explained by
A) an increase in the price level. B) a decrease in the quantity of money in circulation. C) increased government spending. D) the real-balance effect.