Disadvantages of experiments include the fact that:
A. decisions made in the laboratory replicate those made in the real world.
B. laboratory experiments introduce influences on decision making that are difficult to measure or control.
C. the number of subjects is typically so large, that it is difficult to apply the results to economic behavior in the population.
D. decisions made in the laboratory replicate those made in the real world and the number of subjects is typically so large, that it is difficult to apply the results to economic behavior in the population.
B. laboratory experiments introduce influences on decision making that are difficult to measure or control.
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In the above figure, the competitive wage rate is ________ and the quantity of labor is ________
A) $7.00; 150 hours B) $8.00; 200 hours C) $6.00; 100 hours D) $8.00; 100 hours
Describe the difference in market structure between monopoly and oligopoly
What will be an ideal response?
The bulk of the M1 money supply is made up of
a. silver dollars and gold bars. b. check able deposits. c. currency and travelers checks. d. money market funds.
What played the largest role in the formation of poor black ghettos?
A. Welfare B. High birth rates among unwed mothers C. The migration of black middle- and working-class families from poor black neighborhoods in the 1960s and 1970s D. Rising employment discrimination