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Econ B-251 Quiz Reviews Part 1 with 100- sure answers
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Econ B-251 Quiz Reviews Part 1 with 100- sure answers
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Econ B-251 Quiz Reviews Part 1 with100% sure answers
US spending on health care, relative to GDP, is
16%
18%
14 %
20% - Answers:18%
Health care spending in rich counties other than US, as a fraction of GDP, is
6%
12%
10%
8% - Answers:10%
Consider the production possibility for the US for the two goods, cars and bicycles.
There is
A trade-off inside the frontier
Always a trade-off
A trade-off on the frontier
A trade-off outside the frontier - Answers:A trade-off on the frontier
Which one is NOT an unintended consequence of the Right to Carry (concealed)
Weapons
More impulse crime
More female police officers hired
More gun theft
Less incentive for police officers to
investigate - Answers:More female police officers hired
A variable X is called pro-cyclical if it is positively correlated with GDP. It is counter-
cyclical if it is negatively correlated with GDP. It is called a-cyclical if it is uncorrelated
with GDP. In the US mortality rates are
Pro-cyclical
,Counter-cyclical
A-cyclical only when Venus is aligned with Mars
A-cyclical - Answers:Pro-cyclical
In the US the unemployment rate is
Counter-cyclical
A-cyclical
None of the above
Pro-cyclical - Answers:Counter-cyclical
In very poor countries such as Angola, Niger, the mortality rate is
A-cyclical when Venus is aligned with
Mars
Pro-cyclical
A-cyclical
Counter-cyclical - Answers:Counter-cyclical
The Covid-19 shutdown in poor countries killed more young children than it saved older
adults because in poor countries
Mortality is measured with large error.
Mortality is a-cyclical
Mortality is pro-cyclical
Mortality is counter-cyclical - Answers:Mortality is counter-cyclical
Which one was NOT a consequence of the Covid -19 shutdown in the US
Lower private sector income
Higher teacher satisfaction at work
Higher incidence of intimate partner violence
, Higher levels of stress and depression - Answers:Higher teacher satisfaction at work
Cannabis got better because during of criminalization
Growers started growing cannabis under more controlled conditions
Growers abandoned growing cannabis in open fields
Under controlled growing conditions, growers could more easily experiment with
different varieties
All of these came together to improve quality. - Answers:All of these came together to
improve quality.
In Wisconsin 6 % of the labor force is Black. In Mississippi 33 % of the labor force is
Black. Let is measure the extend of wage discrimination in the labor market by the ratio
of wages of equally qualified White and Black workers. We would expect
Wage discrimination in Wisconsin to be more severe than in Mississippi
Wage discrimination in Wisconsin to be less severe than in Mississippi
To find no wage discrimination in Mississippi
Wage discrimination in Wisconsin to be as severe as in Missi - Answers:Wage
discrimination in Wisconsin to be less severe than in Mississippi
Which one is NOT an essential assumption in Becker's theory of discrimination
Black workers can choose where to apply for work
Black workers are rational
Black workers have some information about the degree of racial animus among White
employers
Black workers in Mississippi have less information about the degree of racial animus
than Black workers in Wisconsin - Answers:Black workers in Mississippi have less
information about the degree of racial animus than Black workers in Wisconsin
Jackie loves to go on exotic vacations with her best friend Jenni. Here 3 week Bora-
Bora vacation costs $5000. She values Jenni's presence at $1000. While she is on her
vacation she misses a Taylor Swift concert for which she paid $500 but which she
would have paid a maximum of $1000. There are no more Taylor Swift concerts in the
future. Jackie's opportunity cost of the vacation is in dollars
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