A possible rational reason why older people, on average, show less interest in learning how to use new technologies is because
A) older people are not as smart as (today's) young people.
B) they are acting irrationally.
C) they have fewer years to gain a return from learning how to use new technologies.
D) the financial cost for older people is greater than the cost to younger people.
Answer: C
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Besides the Central Limit Theorem, the other cornerstone of asymptotic distribution theory is the
A) normal distribution. B) OLS estimator. C) Law of Large Numbers. D) Slutsky's theorem.
The World Bank defines extreme poverty as income of less than $1.90 per day per person.
Answer the following statement true (T) or false (F)
When analyzing cooperative fixed exchange rate agreements, there are two forms of cooperation:
A) decentralized and center-oriented. B) agreement over interest rates and agreement over exchange rates. C) compromise and democratic methodology. D) idiosyncratic and rules-based.
A young chef is considering opening his own sushi bar. To do so, he would have to quit his current job, which pays $20,000 a year, and take over a store building that he owns and currently rents to his brother for $6,000 a year. His expenses at the sushi bar would be $50,000 for food and $2,000 for gas and electricity. What is the sum of his explicit costs?
A. $26,000. B. $66,000. C. $78,000. D. $52,000.