Related to the Economics in Practice on p. 10: Based on a study of the effects of roommates on college grades discussed in the Economics in Practice, which of the following is true?
A. The effects of roommates on fraternity membership are strong.
B. The effects of roommates on effort in school are strong.
C. The effects of roommates on grade point average are strong.
D. all of the above
Answer: D
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Human capital is the
A) machinery used by humans to produce GDP. B) technology used by humans to produce GDP. C) skill and knowledge accumulated by humans. D) plant and equipment produced by humans and not by machines.
Explain the relationship between the market interest rate and the amount of investment a firm will undertake
What will be an ideal response?
When one strategy is always the best for a player to choose, regardless of what other players do, it is called:
A. a dominant strategy. B. a Nash equilibrium. C. collusion. D. the prisoner's dilemma.
The deadweight loss generated by a perfect-price-discriminating monopoly
A) equals the deadweight loss of a single-price monopoly. B) is greater than the deadweight loss of a single-price monopoly. C) equals zero. D) equals the sum of all lost consumer surplus.