Related to the Economics in Practice on page 218: A study discussed in the Economics in Practice found that NFL teams that trade two lower draft picks for one higher pick tend to ________ player productivity and therefore ________ for that pick in terms of the draft-pick trade.
A. underestimate; underpay
B. overestimate; overpay
C. overestimate; underpay
D. underestimate; overpay
Answer: B
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When you own part of a company and share in its profits, we say that you have:
A. equity in that company. B. credit with that company. C. intermediary stock in that company. D. financial diversification in that company.
Economic theory
a. is a set of definitions, postulates, and principles assembled in a manner that helps make cause-and-effect relationships clear in economics. b. is like a guidebook in that it points out what to look for. c. provides economists with a common language and way of thinking about how the world works. d. is all of the above.
In the BankInc case, the change in assignment for caseworkers was made practical by
A. computerization of task input for managerial oversight. B. centralized functional management systems. C. integrating credit checking with pricing, but maintaining document preparation in a separate department. D. elimination of cross-training among credit tasks.
Before the __________, agreements between oligopolists were unenforceable contracts; afterwards, such agreements were criminal conspiracies
Fill in the blank(s) with correct word