To attract more bidders, and more aggressive bidders, to your auction
a. withhold relevant information about the value of the object
b. allow bidders to know how others are bidding
c. do not allow potential bidders to examine the object too closely
d. do not hold oral auctions
b
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In a perfectly competitive world:
A) two-way trade would not occur. B) one-way trade would not occur. C) neither one-way trade nor two-trade would occur. D) both one-way trade and two-way trade would occur.
A transfer payment is
a. a payment for moving expenses a worker receives when he or she is transferred by an employer to a new location. b. a payment that is automatically transferred from your bank account to pay a bill or some other obligation. c. a form of government spending that is not made in exchange for a currently produced good or service. d. the benefit that a person receives from an expenditure by government minus the taxes that were collected by government to fund that expenditure.