Which of the following exempliflies altruism?
a. A teacher conducting night classes for working professionals.
b. A lawyer defending a juvenile client who is accused of murder.
c. A person on his way to work stopping to help accident victims on the road.
d. Government imposing a high sales tax on liquor.
C
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Which of the following is NOT an example of transactions costs?
A) high interest rates B) lawyers' fees C) brokerage commissions D) minimum investment requirements
The strength of the movement in the short-run aggregate supply schedule, in response to an aggregate demand shock is determined by ________
A) the price elasticity of demand B) the credibility of the monetary authorities C) the underlying state of the economy D) the choice of nominal anchors
A profit-maximizing monopolist will stop production while MR is still greater than MC.
Answer the following statement true (T) or false (F)
?Which of the following is an advantage of panel data?
A. ?We can difference the dependent variable, y, across time for different cross-sectional units. B. ?We can add the dependent variable, y, across time for different cross-sectional units. C. ?We can difference the dependent variable, y, across time for the same cross-sectional units. D. ?We can add the dependent variable, y, across time for the same cross-sectional units.