Correlation always implies causation.

Answer the following statement true (T) or false (F)


False

Economics

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Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice. Which of the following statements is true?

A. Jordan does not have a dominant strategy. B. For Jordan, seeing a comedy is a dominant strategy. C. Jordan's dominant strategy depends on Lee's choice. D. For Jordan, seeing a documentary is a dominant strategy.

Economics

Answer the next question on the basis of the following demand schedule.PriceQuantity Demanded$615243342516If this demand schedule were graphed, we would find that

A. its slope diminishes as we move southeast down the curve. B. its slope is constant throughout. C. its slope diminishes as we move northwest up the curve. D. the data are inconsistent with the law of demand.

Economics

Suppose the exchange rate of the U.S. dollar was 1.00 euro = $0.50 on Thursday, and on Friday the exchange rate was $1.00 = 2.10 euros. Which of the following best explains what has happened between Thursday and Friday?

A) The U.S. dollar appreciated against the euro. B) The euro appreciated against the U.S. dollar. C) The U.S. dollar depreciated against the euro. D) Both answers B and C are correct.

Economics

The set of skills, knowledge, experience, and talent that determine people's productivity as workers is called:

A. physical capital. B. investment. C. human capital. D. educational training.

Economics