Thanks to randomized controlled trials, policymakers and program managers can:
A. more confidently channel resources to approaches that are cost effective.
B. more confidently channel resources to approaches that work.
C. have at least some evidence that the programs chosen are better than others.
D. All of these statements are true.
Answer: D
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A rise in the price of a good causes producers to supply more of the good. This statement illustrates
A) the law of supply. B) the law of demand. C) a change in supply. D) the nature of an inferior good.
The invention of genetically engineered corn that prevents yield loss due to corn rootworm will
A. shift the supply curve of US corn to the right. B. shift the supply curve of US corn to the left. C. shift the demand curve for US corn to the right. D. shift the demand curve for US corn to the left.
The basic truth that underlies the study of economics is the fact that we all face:
A. Death B. Taxes C. Risk D. Scarcity
Suppose that Jack promises that if Jill chooses the high price, he will too. Jack has an incentive to cheat on the agreement.
Answer the following statement true (T) or false (F)