If the bidders at a first-price auction have true values of $78, $72, $66, and $65, the item will sell for

Refer to the figure above. What is the equilibrium rate of interest when the credit demand curve is CD2 and the credit supply curve is CS1?

A) 3% B) 4% C) 5% D) 2%

China's recent economic performance is most similar to the experience of ________

A) the United States in the 1890s B) Japan in the 1960s & 1970s C) Cuba in the 1990s D) the Soviet Union in the 1950s & 1960s