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.
A revised animal phylogeny based on molecular data of SSU rRNA
Pap smear. Cells of the cervix (shown in the center) change in appearance as they progress through
Using a water-based cleaning system helps reduce the hazards from using strong chemicals.
Understanding Food Claims Not all label claims are created equal!
Nursing: A Concept-Based Approach to Learning, Volume II, 3rd Edition
How does PCA reduce the dimension of a statistical problem? How do you select the reduced ...