The winner of a second-price sealed-bid auction pays an amount equal to ________
A) half of his bid
B) the lowest bid
C) the second-highest bid
D) his valuation of the good
C
Economics
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In the United States, the inflation rate since 1999 generally was
A) lower than between 1979 to 1981. B) higher than between 1979 to 1981. C) higher than in the 1980s. D) much higher than between 1985 to 1995. E) negative.
Economics
How many and what fraction of the world's people live in advanced economies? In emerging market and developing economies?
What will be an ideal response?
Economics