The winners curse is more often associated with;

A rising rate of inflation: a. makes people more willing to hold money as an asset

b. reduces the usefulness of money as a store of value and thus increases the velocity of money. c. increases the usefulness of money as a medium of exchange and thus reduces the velocity of money. d. is usually preceded by a reduction in the money supply. e. does not have any effect on the velocity of money.

The nature preservation services supplied by The Nature Conservancy which buys up ecologically important but endangered lands, is

a. nonrivalrous and nonexcludable. b. nonrivalrous and excludable. c. rival and nonexcludable. d. a private service.