Empiricism refers to the process of:
A) making choices using values and beliefs. B) measuring variables.
C) testing ideas using data. D) collecting and organizing data.
C
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What does the phrase "jobless recovery" refer to?
A. It refers to a recovery from a recession which does not produce strong growth in employment. B. It refers to a situation in which rising productivity has made it possible for firms to reduce their workforce and increase output at the same time. C. It refers to the phenomenon where U.S. firms move their production abroad, thereby destroying jobs in the domestic market and creating new jobs in foreign markets. D. It refers to a situation in which a worker's real wage falls despite increases in productivity.
A friend of yours receives a government voucher for an apartment in a public housing project. This apartment represents
A) a government-sponsored good. B) the free-rider problem. C) a public good. D) the drop-in-the-bucket problem.