Which of the following does NOT cause a shift in the supply curve for labor in an industry?
A) Worker tastes and preferences
B) Population of the concerned region
C) Opportunity costs faced by the workers
D) Price of the final good that the labor is used to produce
D
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Which of the following statements is true?
A) Using fewer observations will strengthen the force of an empirical argument. B) The number of observations used does not affect the strength of an empirical argument. C) Empirical arguments can be supported without the use of data. D) Using a large data set will strengthen the force of an empirical argument
A profit-maximizing monopoly produces a lower output level than would be produced if the
industry was perfectly competitive. Indicate whether the statement is true or false
Why is it unlikely for even a very successful investor to continuously outperform the market?
a. Different investors have different risk appetites. b. Individual investors have independent strategies. c. The stock market is not subject to sufficient government regulations. d. Investors often mimic the strategies of the successful investor. e. The market is always inefficient.
Here are four positions that Farmer Gomez can be in: (1 ) bad weather for Gomez and good weather for all other farmers; (2 ) bad weather for all farmers except Gomez (who witnesses good weather); (3 ) bad weather for all farmers; (4 ) good weather for all farmers. Assuming the demand for foodstuffs is inelastic, Farmer Gomez would probably rank these four positions, from best for him to worst for
him, the following way: A) 1,2,3,4. B) 2,1,3,4. C) 2,3,4,1. D) 4,3,2,1. E) 3,4,1,2.