If someone with a Ph.D. in philosophy finds work as a taxi driver, but continues to look for a college teaching position, he is counted as being employed
a. True
b. False
Indicate whether the statement is true or false
True
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If a friend tells you that he is certain a stock price will rise based on information he heard on television or saw on the Internet, should you be skeptical? Explain
Suppose lawyers seek legislation to limit the use of computer software that enables people to use their personal computers to self-prepare their own wills, trusts, and other legal documents. This is an example of:
A. logrolling. B. the principal-agent problem. C. rent-seeking behavior. D. limited and bundled choices.
In considering the relationships between price and quantity demanded, ceteris paribus directs the economist to assume that:
A. price increases affect quantity. B. quantity increases affect prices. C. neither price nor quantity affect demand. D. all other variables remain unchanged.
The marginal propensity to import (mpi), where M = imports, is defined as
A) M * Y. B) ?M/?Y. C) M - Y. D) ?M * ?Y.