Most people's natural aversion against complex mathematical problems is an example of:
A. Confirmation bias
B. A mental heuristic
C. Rational choice
D. Cognitive bias
D. Cognitive bias
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In the above table, what is the marginal factor cost of the 4th worker?
A) $16 B) $30 C) $64 D) $22
What resource problem is created by negative externalizes and what methods are suggested for dealing with this problem?
Please provide the best answer for the statement.
During the expansion phase of the business cycle, households become optimistic about their future earning capacity as do banks. Nominal interest rates rise during expansions. Mortgage lending could be expected to
A) rise if the change in future earnings is thought to be greater than the change in interest rates. B) stay the same. C) fall. D) fall if the change in future earnings is thought to be greater than the change in interest rates.
Which term refers to a rule that every imported product must be opened by hand and inspected with a magnifying glass, by one of just three government inspectors available at any given time?
a. a non-tariff barrier b. a quota c. a government bureaucracy d. an import quota