The basic idea behind an auction is that:
A) buyers want to buy from the sellers with the lowest ask prices, and sellers want to sell to buyers with the highest bid prices.
B) buyers want to buy from the sellers with the highest ask prices, and sellers want to sell to buyers with the highest bid prices.
C) buyers want to buy from the sellers with the highest ask prices, and sellers want to sell to buyers with the lowest bid prices.
D) buyers want to buy from the sellers with the lowest ask prices, and sellers want to sell to buyers with the lowest bid prices.
A
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Refer to the information above. By accelerator theory, net investment will remain above zero in the long run only so long as
A) expected sales are greater than v* times the capital stock. B) replacement investment is above zero. C) expected sales keep rising. D) expected sales do not fall. E) actual sales fall below expected sales.
Many economists believe that suppliers of loanable funds have property rights to those funds, similar to the way that a person of with extraordinary intelligence or physical abilities has property rights to their intellectual or physical attributes
Indicate whether the statement is true or false