When conducting a study on success rates, which of the following would most likely be subject to survivor bias?
A. Of the 25 high schools located in Concordia County, this year's SAT scores were highest from students who attend Springdale High, the newest high school in the county.
B. Of the 4 Starbucks locations that opened exactly 5 years ago in the same city, the location next to the concert arena has been the most financially successful.
C. Of the 115 oceanfront hotels in Honolulu, only those with private beaches are able to charge more than $200 per night on average.
D. Of the 75 oil exploration firms based in North Dakota, over half of those that recently filed for bankruptcy have been in business for 5 years or less.
Answer: D
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One of describing the debate between activists and non-activists is that
A) activists are pessimistic about the self-correcting powers of the economy but non-activists are optimistic. B) activists tend to be oriented to the long-run but non-activists are short-run oriented. C) non-activists are optimistic about the efficacy of stabilization policy but activists are pessimistic. D) A and B are both correct.
In a store that sells souvenirs, suppose an agent receives a $1 commission for each unit sold, and the principal receives the residual profit. As a result
A) joint profit is maximized. B) the agent will sell until the principal's marginal cost equals $1. C) no agent would enter into such a contract. D) the agent wishes to sell as many units as he can.
In volatile markets, "speculators" would be expected to provide some stability because:
a. they will be required to do so by the government. b. they will use current price moves to predict future moves. c. they will buy when price is below equilibrium and sell when it is above equilibrium. d. they will buy when price is above equilibrium and sell when it is below equilibrium.
In a typical month of expansion, the U.S. economy sheds about 3.8 million jobs but creates only 2.8 million new ones
Indicate whether the statement is true or false