Amir, like most people in his community, makes weekly trips to the village square, where local vendors sell their goods. Everyone in the area is familiar with what will be available to purchase and how transactions are to be conducted
Although the exchanges between buyers and sellers may seem frenetic to outsiders, the locals adhere to a set of regulations and norms that satisfies the needs of all involved. Which term best defines this scenario?
a. central planning
b. entrepreneurship
c. rational choice
d. market
d
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L. Wacquant criticized:
A. The concept of "underclass." B. The concept of a "racial achievement gap" in educational attainment. C. Application of the word "ghetto" to peripheral zones of European cities with a high concentration of immigrants. D. A and B. E. A and C.
The goal of estimation is to infer ___________ from ____________
a. intervals … estimates b. bias … efficiency c. statistics … parameters d. parameters … statistics
In 2005, about 20% of home loans were _____, meaning they were loans sold to low-income people who had little chance of paying their mortgages, often under predatory terms that were especially unfavorable to the unsuspecting borrowers
a. subprime b. triple-A rated c. fixed-rate d. refinanced
Socialization is one-directional until adulthood.
Answer the following statement true (T) or false (F)