In a Dutch auction, the higher the bid, the ________ the surplus and the ________ chance of winning
A) higher; lower
B) lower; higher
C) higher; higher
D) lower; lower
B
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To compare the change in physical production (GDP) between 2010 and 2016, we should compare ________ GDP in 2010 with ________ GDP in 2016.
A. nominal; nominal B. real; real C. real; nominal D. current dollar; current dollar
The Keynesian theory implied the relationship between inflationary pressures and the level of unemployment; further research proved this relationship and it was coined the _________ curve.
a. Phillips b. Keynesian c. Say d. inflation
Gross domestic product (GDP) can be calculated using either the expenditure method or the income method.
Answer the following statement true (T) or false (F)
Political structure, or the process by which laws become enacted:
A. has one feature that is present in every government structure in existence. B. affects the outcome of policy. C. has no effect on policy created. D. is virtually the same everywhere.