If I voluntarily end my employment, the Bureau of Labor Statistics would consider me to be
A. a job leaver.
B. a discouraged worker.
C. a reentrant.
D. a job loser.
Answer: A
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Due to moral hazard, the goal of providing security is likely to conflict with the goal of efficiency.
A. True B. False C. Uncertain
Credible promises and hostage mechanisms can support a continuous stream of cooperative exchanges except when
a. the promisor is better off fulfilling than ignoring his promise b. neither party has a prior dominant strategy c. the hostage can be revoked for just causes d. the hostage is more valuable than any given exchange e. the hostage is difficult to replace
The post hoc, ergo propter hoc fallacy is the belief that
A. it is impossible to draw generalizations about cause and effect. B. what is true for a part is necessarily true for the whole. C. what is true for the whole is necessarily true of the parts. D. if Event A happens before Event B happens, then Event A causes Event B to occur.
Sal likes to eat pizza. The ________ is the maximum amount that Sal is willing to pay for one more piece of pizza
A) efficient price B) efficient amount C) marginal benefit D) marginal cost