Bid-rigging is more likely when
a. auctions are larger
b. auctions are infrequent
c. auctions generate the same set of potential bidders
d. the auctioneer is paid on commission rather than a fixed fee
c
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Refer to Table 15.3. Based on the data in the table, fiscal policy in Cordelia is ________ and fiscal policy in Saldinia is ________
A) sustainable; sustainable B) sustainable; unsustainable C) unsustainable; sustainable D) unsustainable; unsustainable
Like the monopolist, the monopolistically competitive firm:
A. faces a downward sloping demand curve. B. is a price taker. C. sets the price where marginal cost equals marginal revenue; the demand curve doesn't matter. D. All of these statements are true.
Fiscal and monetary policy can reduce unemployment with no negative side effects
a. True b. False Indicate whether the statement is true or false
Suppose that an economy is currently experiencing 10 percent unemployment and 15 percent inflation. If in the process of bringing inflation down by 2 percentage points, real GDP falls by 6 percent for a year, the sacrifice ratio is
a. 5. b. 2. c. 12. d. None of the above is correct.