Bid-rigging is less likely in
a. oral auctions
b. English auctions
c. first-price sealed-bid auctions
d. all are equally likely
c
Economics
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An automatic stabilizer tends to increase GDP when it is rising.
a. true b. false
Economics
Which of the following is TRUE of incentives?
A) Different people are motivated by different incentives. B) Money is the only measure of incentives. C) All of the people in a particular nation are motivated by the same incentives. D) In economics, people are assumed to respond to disincentives instead of incentives.
Economics