Which of the following is NOT a problem associated with randomized experiments?
A) Experiments can sometimes get expensive for the researcher.
B) The participants in the treatment group and control group are not identical in all respects.
C) Getting immediate answers to some important questions may not be possible.
D) Sometimes experiments are conducted poorly, which may lead to inaccurate results.
B
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A socially optimal public health policy should expand the proportion of the population vaccinated:
A. until the marginal benefit of an additional vaccination is greater than the marginal cost of an additional vaccination. B. whenever the marginal benefit of an additional vaccination is positive. C. until the marginal benefit of an additional vaccination equals zero. D. until the marginal cost of an additional vaccination equals the marginal benefit of an additional vaccination.
According to _______________, if you suddenly won the lottery, you would only spend a small part of your winnings right away.
A. John Kenneth Galbraith B. Thorstein Veblen C. Milton Friedman D. Murray Weidenbaum
Use the following graph to answer the next question.Which of these lines represents the short- run aggregate supply curve?
A. 1 B. 2 C. 3 D. 4
Which of the following is true regarding this statement? "The president's decision to spend more money on national defense is smart."
A) This is a normative statement. B) The federal government does not face scarcity. C) This topic would be studied in microeconomics. D) Social interest must always be more important than self-interest. E) Ceteris paribus does not apply to the government.