José Conseco, then a major league baseball star who had just signed a very large contract, said, "I don't think it's what I'm worth. It's what the market holds, what the organizations are willing to pay a player." He was really talking about

A. the substitution effect.
B. the income effect.
C. the primary labor market.
D. the secondary labor market.
E. economic rent.

E. economic rent.

Economics

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The logit model derives its name from

A) the logarithmic model. B) the probit model. C) the logistic function. D) the tobit model.

Economics

Microeconomics and macroeconomics use different types of analysis

a. True b. False Indicate whether the statement is true or false

Economics