A scientist who is studying earthquakes includes the impact of wind when performing some tests of damages to structures. This is an example of
A. failing to hold all other things constant.
B. failing to understand how to do scientific methodology.
C. irrational behavior in noneconomic situations.
D. accounting for every possible phenomena that may effect the problem under examination.
Answer: A
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What will be an ideal response?
A rise in stock prices leads to ________
A) an increase in income B) an increase in Tobin's q C) a decrease in Tobin's q D) a decrease in income
What will be the effect of an excess of planned investment over saving in a private closed economy with unemployed resources?
A) A decline in the rate of interest. B) An unintended accumulation of inventories by businesses. C) A rise in the real GDP. D) The federal budget will automatically move toward a deficit.
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A) uses the arithmetic mean of the Paasche index and the Laspeyres index. B) uses the standard deviation of the Paasche index and the Laspeyres index. C) uses the geometric mean of the Paasche index and the Laspeyres index. D) uses the harmonic mean of the Paasche index and the Laspeyres index.