Some sports writers seem so sure that rookies of the year and MVPs will not repeat the following year. They could be relying on which of the following to make that judgment
A. regression effect.
B. psychophysics of perception.
C. hedonic framing.
D. bounded rationality.
Answer: A
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Ingrid's Ice cream Parlor has an own price elasticity of 5 . It has an approximate share of 10% in the market for ice cream. What is the aggregate own price elasticity of the market?
a. 0.1% b. 0.5% c. 0.7% d. 1%
The depreciation of the Japanese yen in 2002 would ease their problems with regard to recession
a. True b. False Indicate whether the statement is true or false
According to the text, which of the following is true?
A. The United States imports baseballs and exports corn. B. The United States imports auto parts and cars, but it doesn't export cars. C. The United States imports wheat, but not auto parts since it exports auto parts. D. The United States imports paper, but not computers since it exports computers.
The effect of a shift in the aggregate demand curve due to an increase in consumer confidence will be:
A. a decrease in prices only in the long run; output will remain the same. B. an increase in both prices and output in the short run. C. a decrease in both prices and output in the short run. D. an increase in output only in the long run; prices will remain the same.