According to research by Robert Fogel, people in Britain grew taller because of
a. genetics. However this increase in height had no effect on productivity.
b. genetics. This increase in height is associated with higher productivity.
c. higher caloric intake. However, this increase in height had no effect on productivity.
d. higher caloric intake. This increase in height is associated with higher productivity.
d
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Suppose the aggregate demand for housing in the U.S. includes a substantial speculative component. What happens of the expectations of speculators change, and they believe housing prices will not increase in the future?
A) The aggregate demand curve shifts leftward, and the equilibrium market price declines. B) The aggregate demand curve shifts leftward, and the equilibrium market price increases. C) The speculative demand curve shifts leftward, but the aggregate demand curve is unchanged. D) There is no change in the current demand for housing because speculators' expectations are based on future events.
Refer to the table. The inconsistency illustrated by the table is that, while a majority of voters prefer the:
A. highway to the lighthouse and the submarine to the highway, they also prefer the
lighthouse to the submarine.
B. lighthouse to the highway and the lighthouse to the submarine, they also prefer the
submarine to the highway.
C. highway to the lighthouse and the submarine to the lighthouse, they also prefer the
submarine to the highway.
D. lighthouse to the submarine and the highway to the submarine, they also prefer the
highway to the lighthouse.