The competition experiment conducted by economists Muriel Niederle and Lise Vesterlund was consistent with the results of Terry Odean which were that
a. men were better at math than women.
b. men chose competition more because they were better at sports than women.
c. men trade stocks excessively while women adopt a buy-and-hold strategy.
d. streetcar companies were not in favor of segregation because it hurt their profits.
c
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Tobin's model of the speculative demand for money improves on Keynes's analysis by showing that
A) the speculative demand for money is interest insensitive. B) the transactions demand for money is interest insensitive. C) people will hold a diversified portfolio. D) people will hold money or bonds but not both.
In Adam Smith's competitive market economy, the question of what goods to produce is determined by the:
a. "invisible hand" of public interest. b. "invisible hand" of government. c. "visible hand" of laws and regulations. d. "invisible hand" of the price system.
As the price of a resource falls, all else constant, we observe that:
a. firms substitute the expensive resource for the relatively cheaper resources. b. firms substitute the cheaper resource for the relatively expensive resources. c. the firm's ability to hire the relatively cheaper resources decreases. d. the firm's ability to hire the relatively expensive resources decreases.
Which of the following factors of production is most likely to be variable in the short run?
A) land B) capital equipment C) labour D) entrepreneurship E) technology