A proof by contradiction can only be used to disprove a statement but not to prove a statement to be correct.
Answer the following statement true (T) or false (F)
False
Rationale: A proof by contradiction assumes a statement to be incorrect and then shows that this assumption leads to a logical contradictions -- implying that the statement is in fact true.
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Which of the following is not among the functions of contract?
a. to provide incentives for efficient reliance b. to reduce transaction costs c. to discourage the development of asymmetric information d. to provide risk allocation mechanisms
Sara's income is $500, the price of X is $6, and the price of Y is $4. Based on these prices and income, Sara buys 120 units of X and 70 units of Y. Call this combination of X and Y "bundle K." At bundle K, Sara's marginal rate of substitution is 2. Given these prices and income, what is Sara's equilibrium consumption of X? Briefly explain your reasoning.
What will be an ideal response?
If the U.S. economy adds to the capital stock, this may require a temporary decrease in the amount of present consumption.
a. true b. false
In 2008 during the Great Recession, the Federal government provided tax rebate checks to taxpayers in the hope that:
A. C would shift down B. C would shift up C. G would shift down D. G would shift up