Explain the concept of a self-fulfilling prophecy
What will be an ideal response?
A self-fulfilling prophecy is a situation in which the expectations of an event, such as a left shift in labor demand in the future, induce actions that lead to that event.
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Which of the following reasons did not contribute to the rise of "King Cotton"?
a. Eli Whitney's invention of the cotton gin in 1793 b. soils and climate of the new Southwest c. large shifts in slave populations d. declines in slave populations that drove mechanical innovation
If households save $40 billion less at each level of income and the marginal propensity to consume (MPC) is 0.8, the aggregate expenditure line will _____
a. intersect the 45-degree line at a real GDP of $40 billion b. shift upward by $40 billion c. shift downward by $40 billion d. shift upward by $200 billion because of the multiplier mechanism e. shift downward by $200 billion because of the multiplier mechanism
If a player has a strategy where one course of action under-performs all others no matter what other players do, that strategy is
A) a prisoner's dilemma. B) dominated. C) dominant. D) a loser.
The National Primary Drinking Water Regulations (NPDWRs)
a. are applicable to public and private water systems b. are to be implemented uniformly throughout the United States c. are defined only for microorganisms d. have been established to protect public welfare.