What does a study of immigration figures before 1921 indicate?
(a) An overwhelming majority of immigrants came from the British Isles.
(b) Voluntary immigrations slowed as 1921 approached.
(c) The diversification of immigrants increased since the colonial period of U.S. history.
(d) It is not possible to link immigration patterns and growth in the U.S. economy.
(c)
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The benefits of social regulation are
A) easy to measure by the marginal value method. B) often difficult to measure. C) obvious to almost everyone, but the costs are usually hidden. D) greater than the costs of social regulation in every example in the country today.
The fallacy of false cause is committed when a person mistakenly assumes that one event causes another because the first event precedes the second.
a. true b. false
When MB = 300 ? 12Y and TC = 12Y + 108, the optimal level of Y is:
A. 24. B. 25. C. 4.5. D. 8.
Which pitfall to sound economic reasoning is illustrated when a person comments that "capitalists focus only on profits and don't care about their workers"?
A. Abstraction B. Biases C. The fallacy of composition D. Confusing correlation and causation