People who give erroneous explanations of how they themselves perform a particular task, such as tying their shoelaces or setting prices,
A) cannot be performing the task successfully.
B) may nonetheless perform the task successfully.
C) must be lying.
D) would necessarily perform the task more successfully if they understood it correctly.
B
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Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
A util is a single unit of:
A) the measure of income. B) the measure of savings. C) the measure of satisfaction. D) the measure of expenditure.
Suppose everyone in a town votes that they prefer improved public transportation systems instead of public parks. According to the criteria of independence of irrelevant alternatives that preference should ________ even if a third option not likely to win, like a public zoo, is included in the vote.
A. change to the median B. change to the majority C. stay the same D. change to the average
Which of the following statements is true?
What will be an ideal response?