Which of the following is a similarity between an English auction and a Dutch auction?
A) The second-highest bidder wins the good in both auctions.
B) The bidder who values the good the most wins it in both auctions.
C) The bidders submit their bids privately at the same time in case of both auctions.
D) In both auctions, the bidders submit their bids privately at different times during the bidding process.
B
Economics
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The concept of a risk premium applies to a person that is
A) risk averse. B) risk neutral. C) risk loving. D) all of the above
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Which of the following is included in Gross Domestic Product (GDP)?
A. purchases of stocks and bonds by individuals B. sales of financial assets to foreign firms C. purchases of stocks and bonds by firms D. investment spending on capital goods
Economics