(Last Word) The "after this, therefore because of this" fallacy states that

What will be an ideal response?


because event A precedes event B, A is necessarily the cause of B.

Economics

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In the Keynesian model, consumption depends on:

A. the natural rate of unemployment. B. potential output. C. disposable income. D. whether the government has a budget surplus or deficit.

Economics

Discounting allows comparisons of

a. money values and physical values. b. interest payments on borrowed funds and interest payments on loaned funds. c. money values received at different times. d. the quantities of outputs produced by different types of capital goods.

Economics

Many fear that cheap foreign labor will destroy American jobs; in reality, wages in

a. the United States have risen spectacularly in the last 33 years as trade grew. b. countries that export to the United States are very low relative to the United States and show no sign of rising. c. countries that export to the United States have risen spectacularly in the last 33 years. d. United States export industries are very low relative to wages in the same industry in other countries. e. All of the above are correct.

Economics

In Figure 32.1, at the supported price-quantity combination where production is limited, the money consumers pay producers isĀ 

A. 0HCQ*. B. 0ABQD. C. 0P*CQ*. D. 0PfloorBQD.

Economics