Which of the following does NOT describe an advantage of experiments?
A. With experiments, it is easier to determine whether people's choices are consistent with standard economic theory.
B. With experiments, it is often easier to establish causality.
C. With experiments, researchers can double check their assumptions and conclusions by testing and debriefing subjects.
D. It is generally cheaper to conduct experiments than it is to compute mathematical models.
D. It is generally cheaper to conduct experiments than it is to compute mathematical models.
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If Ep is 3500 and Y is 3000, then
A) planned inventory accumulation is 500. B) planned inventory depletion is 500. C) unplanned inventory accumulation is 500. D) unplanned inventory depletion is 500.
In a market economy, individuals have a strong incentive to develop their skills and provide others with resources, goods, and services that they value because these activities generally
a. improve the overall efficiency of the economy. b. increase aggregate output. c. lead to a higher personal income. d. provide additional tax revenue for the government.
How many workers are willing and able to work at the optimal union wage rate in Figure 31.1?
A. 13. B. 10. C. 16. D. 24.
On this graph, what would be the price level when RGDP demanded equal $17 trillion?
a. 90
b. 95
c. 100
d. 105