What is one reason a gambler might bet $1,000 that a team that is ranked sixteenth will win the NCAA basketball tournament?
A) irrationality
B) overconfidence
C) exuberance
D) gambler's fallacy
B
Economics
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Can the incidence of a sales tax ever be so that buyers pay all of the tax or so that sellers pay all of the tax?
What will be an ideal response?
Economics
All natural resources are nonrenewable
Indicate whether the statement is true or false
Economics
Structural unemployment occurs:
A. Because of a mismatch between skills and jobs. B. When firms fail because of a seasonal downturn. C. When an industry experiences a cyclical downturn. D. When there is inadequate demand for jobs.
Economics
What is the domestic price of a TV in a closed economy? 
A. $125 B. $75 C. $137.50 D. $100
Economics