Kim is participating in an auction in which bids are placed publicly and the price of the good being auctioned increases until there is only one standing bid. This is an example of a(n) ________

The above figure shows the market for 2 bedroom town homes in San Diego. If a rent ceiling is set at $1,000 per month, then there is a

A) surplus equal to 150,000 town homes. B) shortage equal to 100,000 town homes. C) surplus equal to 100,000 town homes. D) shortage equal to 150,000 town homes. E) shortage equal to 250,000 town homes.

Under a fixed exchange rate regime, if a country has an overvalued exchange rate, then its central bank's attempt to keep its currency from ________ will result in a ________ of international reserves

A) depreciating; gain B) depreciating; loss C) appreciating; gain D) appreciating; loss