Which view of the causes of the Great Depression emphasizes the decline in the money supply which caused aggregate demand for goods and services to shrink, leading businesses to cut production and employment?

Which development strategy involves shifting from production of raw materials to production of manufactured goods?

a. export-led growth b. first-mover advantage c. import substitution d. multiplier effect

The higher the bid in a first-price sealed-bid auction, the ________ the chances of winning and the ________ the surplus earned

A) higher; higher B) higher; lower C) lower; higher D) lower; lower