October 14th, 2005
Econ Quiz #2
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