What is the relationship between education and human capital?
Education amounts to investment in human capital.
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John's friend Rosika won a major lottery jackpot. Seeing this, and despite the fact that millions don't win and the odds of winning are infinitesimal, John goes out and buys a bunch of lottery tickets despite struggling financially. John's
decision to buy the lottery tickets under these circumstances would best be explained by the: A. hindsight bias. B. self-serving bias. C. confirmation bias. D. availability heuristic.
The prisoners' dilemma has an equilibrium in which
A) both players deny. B) both players confess. C) the player who confesses wins. D) the player who denies wins.
If the game continues for infinity, then the new Nash Equilibrium is a. for one firm to charge a HP forever
b. for your firm charge a LP when the other firm does. c. for each firm to charge HP so long as the rival does, otherwise charge a LP. d. for each firm to charge LP until the rival does, and then to charge a HP forever.
If there were no usury law the interest rate would be ________%.
A. 6
B. 12
C. 18
D. 24