Behavioral economists believe that the human brain is generally:
A. efficient and accurate.
B. efficient but prone to errors.
C. inefficient but accurate.
D. inefficient and prone to errors.
Answer: B
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When a bargaining solution is reached
A) each player receives a net surplus greater than or equal to zero. B) we have a Nash equilibrium. C) the sum of the net surpluses is the Nash product. D) Both A and C.
Using the growth accounting equation, if the growth rate of technology is 3%, the growth of labor is 2% and the growth of capital is 1% then if ?=0.25 then growth of output can be estimated to be:
A. 4.25%. B. 4.00%. C. 6.00%. D. 4.75%.
If the money demand curve shifts rightward, the AD curve also shifts rightward
a. True b. False
National defense and knowledge are generally considered to be
a. private goods. b. public goods. c. proprietary goods. d. societal goods.