Which of the following examples would most likely involve an economist?
a. studying chimpanzees in a natural habitat
b. studying chimpanzees in a laboratory
c. studying people in a controlled environment
d. studying people in a mall
d. studying people in a mall
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Refer to Figure 15-14. From the monopoly graph above, identify the following:
a. The profit maximizing price b. The profit maximizing quantity c. The area representing deadweight loss d. The area representing the transfer of consumer surplus to the monopoly
The term Original Sin by two economists Barry Eichengreen and Ricardo Hausmann is used to describe what?
A) low-income economy B) developing countries' inability to borrow in their own currencies C) a sin that is part of the Ten Commandments D) borrows not able to receive loans E) not diversifying economies portfolios
Cooperation is possible in a ________ game if both firms ________ know the final period of the game.
A) one-shot; do not B) finitely repeated; do C) one-shot; do D) finitely repeated; do not
Sandra uses her sewing machine, thread, and yards of denim to produce jean skirts. The sewing machine is an example of a. labor
b. physical capital. c. human capital. d. natural resources.