In a common-value setting
a. Oral auctions tend to return higher prices
b. Sealed bid auctions tend to return higher prices
c. Vickery auctions tend to return higher prices
d. Rotating bid auctions tend to return higher prices
a
You might also like to view...
One of the first issuances of stock was offered by the:
A. East India Company. B. South Seas Company. C. Apple Company. D. North Seas Company.
Which of the following is true of import-substitution strategies?
a. They dominate the strategies of the developing world. b. They focus on the production of goods not produced in developed countries. c. They focus on the production of exportable goods. d. These strategies lower the price of the domestically produced goods than the imported goods. e. They generally require the removal of import barriers like tariffs or quotas.
Asymmetric information refers to differences in information possessed by parties engaged in trade
Indicate whether the statement is true or false
Assume that the government increases spending and finances the expenditures by borrowing in the domestic capital markets. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and the nominal value of the domestic currency in the context of the Three-Sector-Model?
a. The real risk-free interest rate rises, and nominal value of the domestic currency falls. b. The real risk-free interest rate falls, and nominal value of the domestic currency falls. c. The real risk-free interest rate rises, and nominal value of the domestic currency remains the same. d. The real risk-free interest rate rises, and nominal value of the domestic currency rises. e. There is not enough information to determine what happens to these two macroeconomic variables.