Who owns a commercial bank?

With which choice are you more likely to avoid Bid-rigging cartels?

a. Holding oral auctions b. Holding Vickery auctions c. Holding sealed-bid auctions d. Both B&C

The purchasing power parity predicts that if US price level falls relative to the Mexico price level, then

a. Dollar value will rise relative to the peso b. Dollar value will fall relative to the peso c. There is no effect on either currency d. PPP predicts price level will normalize in the long-run