The Fourteen Points Did Not Include

question 16

Multiple Choice

The Fourteen Points did not include

• A) disarmament.
• B) an international peacekeeping body.
• C) a war guilt clause.
• D) self-determination for countries.
• E) freedom of the seas.

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Definitions:

Winner's Curse

A phenomenon that occurs in auctions where the winning bidder pays more than what the item is actually worth, usually because of incomplete information or misjudgment.

Common-value Auction

an auction format where the item for sale is of the same value to all bidders, but the bidders have different information about the item's actual value.

Too Optimistic

Pertains to a situation or mindset where expectations are unrealistically positive, potentially overlooking possible risks or challenges.

Common-value Auction

An auction type where the item for sale is valued equally by all bidders, but the true value is unknown until after the auction ends.