This factor contributes to the winner's curse
a. your estimate of the value of the object was the most optimistic
b. your bid was not the highest
c. there were not many other bidders you had to beat out
d. you did not shade your bid enough
a
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The marginal propensity to consume goods and services can be broken out into the:
a. marginal propensity to invest plus the marginal propensity to save. b. marginal propensity to consume home-produced goods and services plus the marginal propensity to consume imports. c. marginal propensity to spend minus the marginal propensity to save. d. marginal propensity to consume goods plus the marginal propensity to consume services.
The extremely high salaries of professional football players taken first in the draft are mostly associated with ___________.
Fill in the blank(s) with the appropriate word(s).