Which of the following could not serve as commodity money?
a. diamond
b. gold
c. paper
d. fur
e. silver
C
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Suppose we are plotting the relationship between the unemployment rate and the growth rate of real GDP
If the unemployment rate is measured along the vertical axis and the growth rate of real GDP is measured along the horizontal axis, we will get a(n) ________. A) downward sloping curve B) horizontal straight line C) vertical straight line D) upward sloping curve
Refer to the above figure. Suppose the marginal benefit and the marginal cost curves of pollution abatement are normally shaped. Technological change that made it easier to produce in a "cleaner" fashion would cause
A. curve (1) to shift out, increasing the optimal amount of pollution abatement. B. curve (3) to shift up, raising the marginal benefits and costs and reducing the amount of pollution abatement. C. curve (4) to shift out, increasing the optimal amount of pollution abatement. D. curve (2) to shift out, increasing the optimal amount of pollution abatement.
You have observed that every time you do 30 minutes of cardio exercise before taking an exam you get an A. You therefore conclude that to get an A on an exam, all you have to do is 30 minutes of cardio exercise before you take an exam. You have committed the
A. post hoc, ergo propter hoc fallacy. B. fallacy of division. C. fallacy of inductive reasoning. D. fallacy of logic.
Which of the following statements is false?
A) A straight line has a slope of zero. B) A curved line has slope values that change at every point. C) A direct relationship has a positive slope value. D) An inverse relationship has a negative slope value.