In which of the following types of auctions can bidders NOT see each other's bid?
A) English auction
B) Dutch auction
C) Silent auctions
D) Sealed-bid auction
D
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What percent of Internet access occurs via a mobile device?
A) More than 50 percent B) More than 60 percent C) More than 70 percent D) More than 80 percent E) More than 90 percent
Deflation
a. reflects falling price levels b. was prevalent during the oil shocks of the 1970s c. under the current trends will cause consumers' purchasing power to shrink d. has been persistent in the U.S. economy since the Great Depression e. is the same as stagflation
The effect on the market for heating oil of a leftward shift of supply would be
A. a shortage of heating oil. B. a surplus of heating oil. C. a decrease in the quantity of heating oil sold and in its price. D. an increase in the price of heating oil and a decrease in the quantity sold.
Among all workers in the U.S. with PhDs, ________ percent are foreign born.
A. 24 B. 1 C. 5 D. 90