The optimal bidding strategy in a second-price sealed-bid auction is similar to the optimal bidding strategy in a(n) ________ auction. In both auctions, dominant strategies are at work

Which of the following models argue that active stabilization policy can be beneficial?

a. The classicists b. The new classicists c. The monetarists d. The real business cycle theorists e. None of the above

The rights to own private property and to exchange goods with minimal government interference is

A) capital freedom. B) population freedom. C) economic freedom. D) political freedom.