Someone who committed the association-is-causation fallacy might conclude that
a. event B, which follows event A, was caused by the event A
b. event B, which follows event A, was not necessarily caused by event A
c. the simplest model is the best predictor
d. what is true for the individual is also true for the group
e. what is true for the individual is not necessarily true for the group
A
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The idea that investment in comprehensive education in developing countries leads to permanent increases in the rate of technological progress is an example of
A) a trade-off between human capital and technology. B) increasing economic inequality. C) capital deepening. D) new growth theory.
The legislature is at a bargaining disadvantage because it receives most, if not all, of its information about the bureaucracy from the bureaucracy
a. True b. False
Firm X owns both a grocery store and the parking lot outside the grocery store. In order to increase the traffic at the store, the store should
a. Decrease the prices on the goods sold in the store b. Increase the parking rates c. All of the above d. None of the above
If expectations about the future don't change at all, then an economic downturn will generally:
A. decrease savings at a given interest rate and shift the supply curve for loanable funds to the left. B. increase savings at a given interest rate and shift the supply curve for loanable funds to the left. C. decrease savings at a given interest rate and shift the supply curve for loanable funds to the right. D. increase savings at a given interest rate and shift the supply curve for loanable funds to the right.