On the graph above, the wage level at point ________ might represent an efficiency wage
A) 2
B) 4
C) 6
D) 5
A
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When firms price discriminate they turn ________ into ________
A) producer surplus, revenue B) consumer surplus, profit C) total cost, profit D) producer surplus, consumer surplus
The winner's curse occurs:
A. only in second-price, sealed-bid auctions. B. only in English auctions. C. in a common-values auction. D. in a private-values auction.
Refer to the graph. Each labeled point represents a different asset. For which of these assets would we not expect arbitrage to change the average expected rate of return:
A. E only.
B. D, E, and F.
C. E, G, and H.
D. D, E, F, G, and H.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C