Which of the following examples would most likely be subject to survivor bias?
A. a study that randomly sampled men and women who suffered food poisoning from dining at a specific fast-food restaurant chain to determine the incidence of continued patronage of that particular chain of restaurants
B. a study that randomly sampled flood victims whose homes were destroyed to see if they were likely to rebuild their homes on the same property
C. a study that randomly sampled first-year law-school students to see how many survived to make it to their second year in law school
D. a study that randomly sampled an equal number of 40-year old men and 60-year old men to measure incidences of Type 1 diabetes
Answer: D
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Which of the following would increase gross private domestic investment in an economy?
A) an increase in the level of Apple's inventory B) an increase in the shares of Apple stock households own C) an increase in the number of workers Apple hires D) an increase in the number of highway construction projects the government is funding
Suppose a firm's technology is represented by the function Q = F(L, K) = 5L0.25K0.75. Does this firm experience economies of scale, diseconomies of scale or neither?
What will be an ideal response?
Public goods are
A. nondepleteable and nonexcludable. B. depleteable and excludable. C. nondepleteable but excludable. D. depleteable but nonexcludable.
If inflation increases unexpectedly, then:
A. lenders tend to lose. B. borrowers tend to lose. C. neither borrowers nor lenders tend to lose. D. lenders and borrowers tend to gain.