An oral auction
a. is also called a Vickrey auction
b. is conducted by bidders submitting a single sealed bid
c. is where the sole remaining bidder wins and pays his winning bid
d. all of the above
c
Economics
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In comparison to the U.S., Germany has a relatively low percentage of union membership
a. True b. False Indicate whether the statement is true or false
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In providing a legal framework, the government
A. Protects patents to encourage entrepreneurship. B. Protects the ownership of private property to encourage the private sector. C. Protects copyrights to encourage textbook protection. D. All of the choices are correct.
Economics