Each of the following would be considered a common resource except a
a. water reservoir.
b. streetlight.
c. a congested road.
d. book from a public library.
b
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Which of the following is a difference between an English auction and a Dutch auction?
A) Bids are placed publicly in an English auction while bids are placed privately in a Dutch auction. B) The bidder who values the good the most wins in an English auction while the bidder who values the good the least wins in a Dutch auction. C) An English auction is an ascending price auction while a Dutch auction is a descending price auction. D) An English auction is a descending price auction while a Dutch auction is an ascending price auction.
The Federal Funds Market provides for day to day lending and borrowing among banks having excess reserves on account at the Fed
Indicate whether the statement is true or false