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Econ Quiz #2

Econ Quiz #2

by David Veksler

BISMARCK, North Dakota (AP) — To sell things over eBay, Mark Nichols may be required to take instruction in rapid-fire speaking, breathing control and reading hand gestures, even though the transactions are done by computer keyboard and mouse.

To get a North Dakota auctioneer’s license, applicants must pay a $35 fee, obtain a $5,000 surety bond and undergo training at one of eight approved auction schools, where the curriculum includes talking really fast.

Quiz question: this legislation is about (a): public safety (b): raising revenue, or (c): creating barriers to entry to legislate online competitors out of business

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