The generosity of the U.S.'s foreign aid after World War II was:
A. unprecedented.
B. over $12 billion to 16 countries in an effort to help them rebuild.
C. not entirely altruistic and had strategic political motives as well.
D. All of these statements are true.
D. All of these statements are true.
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As long as it does not shut down, a profit-maximizing perfectly competitive firm will
A) always earn an economic profit. B) produce so that marginal revenue equals marginal cost. C) produce so that price equals average cost. D) never set its price equal to its marginal revenue.
The prevalence of Alzheimer's dementia is very high among residents living in nursing homes. A student concludes that it is likely that living in a nursing home causes Alzheimer's dementia. What is the flaw in the student's reasoning?
A) The student is drawing a false conclusion by making the mistake of omitting critical variables such as the age and gender of the residents. B) The student has failed to take into account other causes of Alzheimer's disease. C) The student is drawing a false conclusion; he is confusing cause and effect. D) The student is using an inadequate sample size.