Based on your understanding of your roommate's preferences, you predict that he will select the spaghetti for his lunch at the cafeteria, but instead he chooses the gyros. How do you describe this event in terms of economic theory?
A) Your roommate is irrational.
B) Your roommate does not know what is in his own best interests.
C) You roommate does not know his own preferences as well as you do.
D) You constructed a model that made a prediction, and the prediction was refuted.
Question 2
According to the classical model
A) long-term unemployment is unavoidable.
B) unemployment is a temporary phenomenon.
C) unemployment only exists during periods of war.
D) the natural rate of unemployment is zero.
Children Understanding Death
Evidence-based practice: skin assessment
Ethnic Differences in Financial Support for College Based on a sample of 304 emerging adults aged 2
How does PCA reduce the dimension of a statistical problem? How do you select the reduced ...
For a particular cell based on the reaction:3 AgCl(s) + Al(s) → 3 Ag(s) + Al3+(aq) + 3 ...
Genome-wide SNP-based heritability for individual behavioral disorders