Which of the following examples would most likely be subject to survivor bias?
A. a study that randomly sampled first-year law-school students to see how many survived to make it to their second year in law school
B. a study that randomly sampled men and women who suffered food poisoning from dining at a specific fast-food restaurant chain to determine the incidence of continued patronage of that particular chain of restaurants
C. a study that randomly sampled an equal number of 40-year old men and 60-year old men to measure incidences of Type 1 diabetes
D. a study that randomly sampled flood victims whose homes were destroyed to see if they were likely to rebuild their homes on the same property
Answer: C
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To say that a given welfare program is means-tested implies that:
A. in order to qualify, one must show that one means to find a job. B. the more income one earns, the smaller the size of the benefit. C. in order to qualify, one must have the means. D. the size of the payment reflects the mean value of consumption based on family size.
The capital and financial account is the record of
A) the nation's imports and exports of capital goods. B) foreign investment in the nation minus the nation's investment abroad. C) a nation's international trading, borrowing, and lending. D) changes in the government's holdings of foreign currency. E) payments for imports, receipts for exports, net interest, and net transfers.
Suppose that the yen-dollar foreign exchange rate changes from 130 yen per dollar to 140 yen per dollar. Then the yen has
A) depreciated against the dollar, and the dollar has appreciated against the yen. B) depreciated against the dollar, and the dollar has depreciated against the yen. C) appreciated against the dollar, and the dollar has appreciated against the yen. D) appreciated against the dollar, and the dollar has depreciated against the yen.
Which of the following is not true about the housing market?
a. The price of housing will increase or decrease in order to achieve an equilibrium b. An increase in the demand for housing will cause an increase in the quantity supplied of housing c. When the demand for housing increases, the price of housing will increase but the quantity supplied will not increase in the short run d. The housing market is a unique market because most people had to borrow money to buy their homes e. The only way to increase the supply of housing is to build more houses