Which of the following is a feature of a Dutch auction?
A. The auctioneer begins with a very high asking price.
B. Bidders write their valuation in a paper simultaneously and separately.
C. The winner pays the second-highest bidder's valuation.
D. More than one bidder will announce their valuation.
Answer: A
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Joshua's indifference curves for two products are shown below: 
Which of the following indifference curves is the least preferred?
A. U1 B. U2 C. U3 D. Unclear given the current information
An decrease in domestic savings
a. decreases foreign borrowing. b. will improve the trade balance. c. will increase exports. d. will increase foreign borrowing.
The real interest rate tells you how fast the purchasing power of your bank account rises over time
a. True b. False Indicate whether the statement is true or false
Refer to Figure 18.2. A decrease in the discount rate would most likely result in
A. A decrease in the money supply and a move from AS2 to AS1. B. A decrease in the money supply and a move from AD2 to AD1. C. An increase in the money supply and a move from AD1 to AD2. D. An increase in the money supply and a move from AS1 to AS2.