The following is not associated with bid-rigging
a. bid-riggers bidding their true value
b. "knockout" auctions
c. bid rotations
d. amnesty to the first conspirator willing to testify against fellow conspirators
a
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An export subsidy differs from a tariff in each of the following ways EXCEPT
A) a tariff generates revenue. B) a tariff is applied to imports. C) a tariff results in an efficiency loss. D) a tariff is a tax. E) a tariff discourages imports.
From the equation of exchange, if both nominal income and the quantity of money (M) have doubled, while the price level (P) has decreased by 50 percent and velocity (V) remains constant, then real output (Y) ________
A) also doubles B) triples C) quadruples D) decreases by 50 percent E) none of the above
Suppose that the market for labor is initially in equilibrium. An increase in immigration will cause the equilibrium wage
a. and the equilibrium quantity of labor to rise. b. and the equilibrium quantity of labor to fall. c. to rise and the equilibrium quantity of labor to fall. d. to fall and the equilibrium quantity of labor to rise.
Are property taxes progressive or regressive?
What will be an ideal response?