The economist who developed the checkerboard model of neighborhood segregation was
A) Milton Friedman.
B) Thomas Schelling.
C) John Nash.
D) David Ricardo.
B
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Thomas Malthus's model assume that ___________
Fill in the blank(s) with the appropriate word(s).
Which of the following correctly explains the crowding-out effect?
a. An increase in government expenditures decreases the interest rate and so increases investment spending. b. An increase in government expenditures increases the interest rate and so reduces investment spending. c. A decrease in government expenditures increases the interest rate and so increases investment spending. d. A decrease in government expenditures decreases the interest rate and so reduces investment spending.
In the U.S. health care market, the uninsured typically receive health care for:
A. emergencies, but not for preventative care. B. preventative care, but not for emergencies. C. both emergencies and preventative care. D. neither emergencies nor preventative care.
Suppose the probability of an employee being caught shirking, q, is a function of the employer's monitoring, M, such that q = M/100. If workers must put up a $1,000 bond and the gain to each worker from shirking is $100, what is the employer's optimal level of monitoring that is just sufficient to discourage shirking?
What will be an ideal response?