An environmental protection agency in Eduland has launched a campaign against the use of plastic bags. This is an example of ________

A) backward induction
B) indoctrination
C) anchoring
D) sniping


B

Economics

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Suppose the production of long-distance airline flights is described by a fixed proportion production process in which three crew members (i.e., labor) are required for each aircraft (i.e., capital)

If the airline operates with four crew members per plane, then we know that: A) the production process violates diminishing margin returns. B) production at this point is technically inefficient. C) the isoquants for this production process are upward sloping. D) the airline will have negative profits.

Economics

One reason some economists are critical of the Lorenz curve is because

A) it reflects income before taxes. B) it reflects income after taxes. C) it reflects only the top bracket of taxpayers. D) it reflects only the poor in the country.

Economics

In the dictator game:

A. one player (the dictator) divides a fixed prize between himself and another player (the recipient) who is an active participant. B. one player (the dictator) divides a fixed prize between himself and another player (the recipient) who is an passive participant. C. one player (the dictator) must keep a fixed prize all to himself. D. one player (the dictator) must give all of a fixed prize to another player (the recipient) who is a passive participant.

Economics

Union membership in the United States probably ________ an important explanation for why workers with similar qualifications earn different incomes because union membership rates are relatively ________.

A. is not; high B. is; high C. is; low D. is not; low

Economics