A professor wants to convince his department that he would like to develop and teach a course titled, "Sex and Violence." The best way to gain the support of the department is to:
A. say that it will attract more students to the department.
B. say that it will add to the rubric of knowledge.
C. say that it is aligned with the university's student welfare policy.
D. say that it will add to the diversity in the campus.
Answer: C
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The ease with which an asset can be converted into a medium of exchange is known as:
a. volatility. b. liquidity. c. currency. d. Gresham's Law. e. speculative exchange.
Which one of the following statements is false?
a. Global warming and ocean pollution are examples of global commons issues b. Solving problems with global commons usually requires international cooperation c. Problems with the global commons are becoming more prevalent as human economic activity increases d. Problems with global commons occur because countries view their global environmental impacts as externalities e. Solving problems involving global commons is not possible because of free rider effects
Which of the following is NOT an assumption under which the production possibilities curve is drawn?
A.) The economy's resources are fully employed. B.) The price level is stable. C.) Technology is being held constant. D.) The supplies of factors of production are fixed. E.) The trade-off of one good for another is not constant.
If the theory behind an economic model fits the data poorly, you would probably want to
A) use the theory to predict what would happen if the economic setting or economic policies change. B) start from scratch with a new model. C) enrich the model with additional assumptions. D) restate the research question.