MacDougall's results can be interpreted as
A) evidence against the classical model.
B) evidence against the Heckscher-Ohlin model.
C) support for the classical model.
D) support for the Heckscher-Ohlin model.
C
Economics
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If the bidders at a second-price auction have true values of $8, $7, $6, and $5, the item will sell for
a. $8 b. $7 c. just over $7 d. just under $7
Economics
If the demand for apples decreases at the same time the supply of apples increases, the price of apples will tend to fall
a. True b. False Indicate whether the statement is true or false
Economics