Difficulty in prediction social sciences is the result of analyzing ____ but can be overcome by focusing on ____ groups
a. experiments; small groups
b. experiments; large groups
c. human behavior; small groups
d. human behavior; large groups
d
You might also like to view...
Positive economic principles are those that:
A. are influenced by political ideology. B. are always correct. C. predict how people will behave. D. indicate how people should behave.
Which of the following best illustrates the fallacy of composition?
a. If Jamal had more money, he could afford to buy more goods. b. If Aisha stood up at a basketball game, she could get a better view of the game; if everyone stood up at a basketball game, everyone could have a better view of the game. c. If the price of bread rose, consumers would buy less; if consumers bought less bread, the price of bread would rise. d. High housing prices cause people to buy less housing, but an increase in income might cause them to buy more housing.
You can manufacture a product in the US and transfer it to Europe. If the marginal cost (MC) is $3 per unit, and the market price in Europe is $5 per unit, should the product be manufactured?
A. No, because the net receipt of $5 is larger than the MC in the US. B. No, because the net receipt of $3 is the same as the MC in the US. C. Yes, because the gross receipt of $3 is larger than the MC in the US. D. Yes, because the net receipts in Europe will exceed the MC in the US.
A value of the absolute price elasticity of demand equal to 0.5 indicates that
A) a 0.5% decrease in price leads to a 1% increase in quantity demanded. B) a 2% decrease in price leads to a 25% increase in quantity demanded. C) a 1% increase in price leads to a 5% decrease in quantity demanded. D) a 10% increase in price leads to a 5% decrease in quantity demanded.