Sammy has a drone that he values at $1,500. Dean values the same drone at $2,000. Sammy decides to sell the drone to Dean for $1,800. What is the total cooperative surplus gained as a result of this trade?
A) $0
B) $200
C) $300
D) $500
D
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What will be an ideal response?
Which does an intention-to-treat parameter measure in a program evaluation study?
A. The effect of participation in the program. B. The effect of the program on those who were eligible but did not participate. C. The effect of being eligible to participate in the program. D. The effect on the probability of participation due to being eligible to participate.
A recessionary output gap is defined to be when:
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During 1993-1994, Democratic Republic of Congo has experienced an inflation rate of more than 69 thousand % per year. This economic condition would best be described as:
What will be an ideal response?