An open outcry auction is an auction where ________
A) bids are placed privately
B) public goods are sold
C) bidders know about each other's bids
D) free goods are distributed among the general public
C
Economics
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In an open economy with fixed exchange rates, monetary policy is most effective at increasing real income if
A) capital mobility is high. B) capital mobility is low. C) capital mobility is perfect. D) monetary policy is ineffective with fixed exchange rates.
Economics
Demand is said to be elastic when percentage changes in quantity demanded are
a. less than the percentage changes in price. b. higher than the percentage changes in price. c. equal to the percentage changes in price. d. zero when price changes.
Economics