In the twentieth century, Russian peasants noticed that during cholera epidemics there were lots of doctors around; in an attempt to eliminate cholera, they killed all the doctors. This is an example of
A. mistaking correlation with causation.
B. the fallacy of opportunism.
C. excessive abstraction.
D. rationality.
E. marginal analysis.
Answer: A
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Refer to the table above. At what rate did the country grow between 2006 and 2007?
A) 13.63% B) 17.47% C) 15.55% D) 19.24%
If your nominal income is $80,000 and your real income in base year prices is $71,500, what is the CPI?
A) 106 B) 150 C) 112 D) 100 E) 89
An increase in government spending may expedite recovery from a recession in the short run, but in the long run this policy may
A) raise interest rates and reduce consumer expenditures on automobiles and new houses. B) make domestic businesses less competitive in international markets as the dollar appreciates in value. C) reduce investment in new capital. D) All of the above are correct.
A craft union is a labor organization that represents people with a particular skill.
Answer the following statement true (T) or false (F)