Commonwealth v Hunt was a pivotal case in labor history, since it marked the first time in which unions and some of their activities were not found illegal
Indicate whether the statement is true or false
True
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Explain how economists use random experiments
What will be an ideal response?
Between 1990 and 2000 . expenditures by the federal government on defense as a proportion of total federal spending increased
a. True b. False Indicate whether the statement is true or false
The recency effect is:
A. a basic human tendency to overvalue recent experience when trying to predict the future. B. a hotly debated concept among psychologists and economists. C. earning a profit by betting against what everyone else is doing. D. accounting for most recent profits or losses first on financial statements.
Anna Arbor typically earns $40,000 per year and has an MPC equal to 0.90, but wins $100,000 in the lottery in 2001 . Her consumption for 2001, according to Milton Friedman, will be
a. $100,000 b. $64,000 c. $36,000 d. $116,000 e. $16,000