There are two equidistant exits in a movie theater. However, one exit is used by a majority of the people after the end of a movie. This is an example of ________
A) herding
B) anchoring
C) signaling
D) sniping
A
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Who receives the most of what is produced in a market economy?
A) everyone receives an equal amount B) people who earn the highest incomes C) lawmakers and other politically favored groups D) those who are willing and able to buy them
In economics, resources are also known as
A) minerals. B) factories. C) factors of production. D) human capital.
Consumer Reports' reviews of products:
A. reduce an inefficiency in the market. B. allow more transactions that are valuable to buyers and sellers to take place. C. credibly provide more information to market participants. D. All of these statements are true.
Compared with the recovery from the recession of 1981-82, the recovery from the recession of 2008-09 was characterized by
a. more rapid growth of real GDP. b. a more rapid decline in the rate of unemployment. c. larger increases in both government spending and budget deficits as a share of GDP. d. higher interest rates and a more restrictive monetary policy.