« previous next »

Author Question: An economic model includes A) only normative statements. B) no use of marginal concepts. C) all ... (Read 77 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
An economic model includes
 
  A) only normative statements.
  B) no use of marginal concepts.
  C) all known details in order to increase its accuracy.
  D) only details considered essential.

Question 2

Which of the following is true of a first-price sealed-bid auction?
 
  A) Bidders directly compete with each other.
  B) Bidders place their bids simultaneously.
  C) Bidders know each other's bids.
  D) Bidders always bid below their willingness to pay.


polinasid

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Wilson and Simberloff's experiments on the equilibrium model of biogeography. Wilson and Simberloff's experiments on the equilibrium model of biogeography.
The Keynesian IS/LM Model The Keynesian IS/LM Model
economic question economic question
economic question (having trouble) economic question (having trouble)
DNA-Z computer model DNA-Z computer model
Concepts related to the pathogenesis of myocardial infarction in an individual with diabetes. Concepts related to the pathogenesis of myocardial infarction in an individual with diabetes.
Video: Causes of Angina

For a complete list of videos, visit our video library