Suppose a study finds most pot-smokers drank milk as young children
If we reach the conclusion that because most pot smokers "started" on milk, milk drinking "leads" to pot-smoking (at least among certain susceptible groups of milk users), we are most likely A) engaging in correct analysis.
B) confusing statistical correlation with causation.
C) following the axioms of selfish interests.
D) assuming people really do not know what is in their own interests.
B
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In October of 20142, the interest rate on money market accounts was about 0.2 percent. In 2007, the interest rate on money market accounts was about 4.0 percent
What has been the impact on the demand for money curve from this fall in the interest rate? A) the money demand curve shifted to the right B) the money demand curve shifted to the left C) there was a downward movement along the demand for money curve D) there was an upward movement along the demand for money curve
If not recycled, an input used in production ultimately winds up as a waste product
a. True b. False Indicate whether the statement is true or false
Which of the following is a similarity between an oligopoly and monopolistic competition? a. Both markets are characterized by mutually interdependent decision making. b. Both markets produce homogeneous products
c. Both markets are controlled by many dominant firms. d. Both markets have firms that compete for market share.
During the financial crisis of 2007-2008, the U.S. central bank lowered its policy rate from 5.25% to 0%. What was the effect on market rates of interest?
a. Market rates increased by 5%. b. Market rates fell by 5%. c. Market rates fell below zero. d. Market rates barely moved at all.