Economists study how decisions are made.
Answer the following statement(s) true (T) or false (F)
Ans: True.
You might also like to view...
Since 1925, the longest expansion in the United States lasted:
A. 21 months. B. 43 months. C. 60 months. D. 120 months.
Potential problems with incentive based compensation are
a. not evaluating the relevant performance measures b. rewarding outcomes that are not included in the performance evaluation c. not granting rewards for meeting performance measures d. all of the above
Which of the following is purchased in a product market?
A. The skills of an X-ray technician. B. Undeveloped farmland in Texas. C. Crude oil. D. Cell phone service.
The dictator game:
A. reveals nothing important about economic behavior because the money used is hypothetical. B. demonstrates that people care about fairness and will sacrifice financially for others. C. demonstrates nothing definitive about fairness, as concerns about the other player's perceptions will influence the dictator's choices. D. regularly results in the dictator taking all of the money for him/herself, as economic theory would predict.