On the graph above, the wage level at point ________ might represent an efficiency wage

A) 2
B) 4
C) 6
D) 5


A

Economics

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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

Economics

When firms price discriminate they turn ________ into ________

A) producer surplus, revenue B) consumer surplus, profit C) total cost, profit D) producer surplus, consumer surplus

Economics

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.

Economics

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.

Economics