According to CDC data, who is more likely to acquire a rickettsial disease?
A. Tom who traveled to Arizona for the summer
B. Sally who went to the beach at Big Sur, CA
C. Mike who visited his aunt in Sub-Saharan Africa
D. Phil who stayed home and mowed his lawn
E. Harry who works in a pet store and hates fleas and ticks
Answer: C. Mike who visited his aunt in Sub-Saharan Africa
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Suppose two firms are trying to decide how much to budget for research and development. Once a new discovery is made, each firm benefits regardless of which firm developed the innovation. In this R&D game of chicken, the Nash equilibrium will be that
A) either both firms conduct the R&D or neither firm conducts the R&D. B) only one firm conducts the R&D but which firm conducts the R&D cannot be determined. C) both firms conduct the R&D. D) neither firm conducts the R&D.
If official U.S. poverty statistics included in-kind transfer payments the:
a. poverty rate would be close to zero. b. poverty rate would be lower. c. government deficit would be lower. d. top 10 percent of those in the income distribution would be wealthier.
A supply curve slopes downward because of the law of supply
a. True b. False Indicate whether the statement is true or false
A binding price ceiling causes quantity demanded to be less than quantity supplied
a. True b. False Indicate whether the statement is true or false