The prevalence of Alzheimer's dementia is very high among residents living in nursing homes. A student concludes that it is likely that living in a nursing home causes Alzheimer's dementia. What is the flaw in the student's reasoning?
A) The student is drawing a false conclusion by making the mistake of omitting critical variables such as the age and gender of the residents.
B) The student has failed to take into account other causes of Alzheimer's disease.
C) The student is drawing a false conclusion; he is confusing cause and effect.
D) The student is using an inadequate sample size.
C
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Which of the following is a likely result of the dramatic decrease in the price of microprocessor chips to computer manufacturers in the last two decades?
A) an increase in the demand for computers B) a decrease in the supply of diskettes C) an increase in the supply of computers D) an increase in the quantity supplied of computers
When people hold money to transact purchases they expect to make, this is known as the:
a. precautionary demand for money. b. liquidity demand for money. c. spending demand for money. d. speculative demand for money. e. transactions demand for money.
Economists generally assume that ____ economic growth is better for society
a. slower b. faster c. stable d. declining
When the money market is drawn with the value of money on the vertical axis, a decrease in the price level causes a
a. movement to the right along the money demand curve. b. movement to the left along the money demand curve. c. shift to the right of the money supply curve. d. shift to the left of the money supply curve.