Examlex
In the 1920s, Emory Bogardus devised a technique to measure peoples social distance from various racial and ethnic groups; the research has been replicated many times, with racial minorities typically receiving the lowest rankings (greatest social distance from respondents) . After 9/11/01, which of these received the lowest rankings?
English Auction
A common type of auction where participants openly bid against one another, with the price gradually increasing until only the highest bidder remains.
Rational Self-Interest
The principle that individuals tend to make decisions that they perceive to be the best for their own welfare and success.
Collude
A secret or illegal cooperation or conspiracy, especially between parties to deceive or defraud others.
Reserve Price
A reserve price is the minimum price a seller is willing to accept for an item at auction; if bids do not reach this price, the item is not sold.
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