Author Question: The winner's curse is more likely when the value of a good at auction is common knowledge. a. True ... (Read 104 times)

Jipu 123 · **on:** Jun 30, 2018

The winner's curse is more likely when the value of a good at auction is common knowledge.
a. True
b. False

Question 2

Suppose a basket of internationally traded goods that sells for 10,000 in the United States sells for 8,000 in the euro zone. According to purchasing power parity theory, the equilibrium exchange rate should be
a. 2.50 per euro
b. 1.50 per euro
c. 1.25 per euro
d. 1.00 per euro
e. .50 per euro