In Dutch or first-price sealed-bid auctions, participants will bid less than their highest valuation
What will be an ideal response?
True. They do so because they have to balance the benefit of paying less with the cost of not getting the good.
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What are the Fed's three policy tools?
What will be an ideal response?
International trade financing is dominated by:
a. the U.S. Agency for International Development. b. private export-import agencies. c. the World Bank. d. the IMF. e. commercial bank syndicates.
In order to benefit from diversification, the returns on assets in a portfolio must:
A. be perfectly negatively correlated. B. have the same idiosyncratic risks. C. be perfectly positively correlated. D. positively correlated but not perfectly.
A monopolistically competitive firm has a:
A. highly elastic demand curve. B. highly inelastic demand curve. C. perfectly inelastic demand curve. D. perfectly elastic demand curve.