Which of the following is an example of an individual motivated by self-interest?
a. a student volunteering at a soup kitchen
b. an attorney providing free legal service to low income families
c. a man buying a new Camaro
d. all of the above
d
Economics
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Discuss four problems with the CPI. Does the CPI tend to overestimate or underestimate the true inflation rate? How big is this bias?
What will be an ideal response?
Economics
According to the textbook, expensive advertising campaigns are:
A. a waste of resources because they provide no useful information about product quality. B. not a credible signal of quality because of adverse selection. C. only a credible signal of product quality if they mention a money-back guarantee. D. a credible signal of product quality.
Economics