Survivor bias occurs when data used in a study reflects too broad a sample of the population.
Answer the following statement true (T) or false (F)
False
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An unsterilized foreign-exchange intervention occurs
A) whenever a central bank purchases or sells domestic currency. B) whenever a central bank purchases or sells foreign currency. C) whenever a central bank allows the monetary base to respond to the sale or purchase of domestic currency. D) whenever a central bank fails to reduce its holdings of gold by the amount of a foreign-exchange purchase.
Melanie has a choice of driving or flying from Durham, North Carolina to Knoxville, Tennessee for a one-day business trip. If she travels by air, she will be able to work seven hours in Knoxville, while if she drives, she will only have time to work four hours once there. Her expected income from each hour of work in Knoxville is $40 . If Melanie a rational decision maker, she will chose to fly
if and only if the price differential (air cost minus driving cost) is less than a. $40. b. $120. c. $160. d. $280.
What is the significance of the multiplier? What causes the multiplier to be larger or smaller?
What will be an ideal response?
Suppose Adam Einberg pays $100 for a ticket to a new Broadway play and $100 was the maximum price he was willing to pay. On the day of the performance of the play Adam refuses to sell the ticket for $150
How would behavioral economists explain Adam's refusal to sell his ticket? A) Adam's tastes had changed from the time he bought the ticket to the time of the performance of the play. B) Adam's income probably increased between the time he bought the ticket and the day of the play's performance. C) The endowment effect explains Adam's actions. People like Adam seem to value things that they have more than the things they do not have. D) When Adam bought the ticket he was being unrealistic about his future behavior.