Some low-income countries lack the economic and legal stability needed to provide a fertile climate for domestic economic growth and to attract foreign investment needed to improve the standard of:

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

A) Tom B) Pat C) Arthur D) Julie

The figure above shows the market for transportation services, which produces an external cost due to the air pollution that is created

If the market for transportation services is competitive and unregulated, the equilibrium quantity is ________ and the equilibrium price is ________. A) 120; $14 B) 120; $8 C) 80; $12 D) 80; $6