It is best to view the official unemployment rate as a useful but imperfect measure of joblessness
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The opportunity cost of leisure is impossible to measure because we cannot measure leisure time in dollars
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following assumptions about human behavior is most likely to be accepted by behavioral economists?
A. People have preferences that are unstable and vary by context. B. People are almost entirely self-interested in their behavior. C. People plan out decisions well and possess lots of willpower. D. People eagerly and accurately calculate the benefits and costs of their decisions.
Economics