A large and diverse community has suffered a two-month drought.
In attempting to deal with the crisis, four identifiable groups emerge: one decides to pray, a second decides to engage in a rain dance, a third decides to use modern meteorological principles and seed the clouds, and a fourth decides to do nothing. From the standpoint of economic theory, A) individuals in the first and second groups are acting irrationally and inefficiently.
B) individuals in each group are acting efficiently, given their own values and understanding of ends and means.
C) the third group is the smartest.
D) the fourth group is the most selfish.
Question 2
Reasons that the recession of 2008-2009 did not become a depression include:
i. The Fed bailed out troubled financial institutions.
ii. The government aggressively balanced its budget.
iii. The government increased its expenditures, which increased aggregate demand.
A) i only
B) ii only
C) iii only
D) i and iii
E) i and ii
The intermediate-disturbance hypothesis of community organization.
Wandering Albatrosses are colonial but have large widely spaced territories. Here a pair performs th
The large orb web of Araneus diadematus (European garden spider).
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
As shown in the figure, a large open tank contains a layer of oil ( density 450 kg/m3) floating ...
Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement ...