Winning a common-value auction is
a. An indication that your valuation may have been spot on
b. An indication that your valuation may have been too pessimistic
c. Indicates that your valuation may have been too optimistic
d. None of the above
c
Economics
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In the loanable funds market, the supply comes from
A) saving, the government budget surplus and international borrowing. B) only saving and the government budget surplus. C) only saving. D) only the government budget surplus and international borrowing.
Economics
In the figure above, 10 percent of income in country C is distributed to the
A) richest 10 percent of the households. B) poorest 10 percent of the households. C) poorest 30 percent of the households. D) poorest 70 percent of the households.
Economics