In a natural experiment,
A. similar people face very different circumstances.
B. the circumstances of otherwise identical people differ entirely by chance.
C. the circumstances of one group of people is compared to a "control" group of people.
D. similar people face very similar circumstances.
B. the circumstances of otherwise identical people differ entirely by chance.
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A decrease in the price of a good will cause a movement along the demand schedule to a higher quantity demanded.
Answer the following statement true (T) or false (F)
In a classic administrative snafu, the Army assigns trained classical musicians to kitchen duty and places trained cooks in the military band. This is an example of inefficiency in
a. output selection. b. production planning. c. product distribution. d. market segmentation.
Harder, more unpleasant, less convenient work is usually ______ paid than the more conventional occupations.
Fill in the blank(s) with the appropriate word(s).
If nominal GDP is constant, then the GDP deflator varies inversely with
A. The CPI. B. Real GDP. C. The unemployment rate. D. COLAs.