Refer to the scenario above. If each bidder uses his/her dominant strategy, who will get the good being auctioned?

If the price of a DVD falls,

i. the demand curve for DVDs will shift rightward. ii. the demand curve for DVDs will not shift. iii. there will be a movement along the demand curve for DVDs. A) i only B) ii only C) iii only D) ii and iii E) i and iii

If a government's income tax receipts exceed its expenditures, the government is running a

A) surplus and is a net borrower of funds. B) surplus and is a net saver of funds. C) deficit and is a net borrower of funds. D) deficit and is a net saver of funds.