This factor contributes to the winner's curse
a. your estimate of the value of the object was not the most optimistic
b. your bid was not the highest
c. there were many other bidders that you beat out
d. you did not shade your bid enough
c
Economics
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Stagflation is defined as an unhealthy combination of a stagnating economy and high inflation
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following does not explain why data on income distribution and the poverty rate give an incomplete picture of inequality?
a. in-kind transfers b. economic life cycle c. transitory income d. All of the above contribute to an incomplete picture of inequality.
Economics