Multiple Choice
One person out of every 1000 is an economist and 90% of them are math oriented. If only 5% of the population is math oriented and you pick a person at random who happens to be math oriented, it is
A) likely that the person chosen is an economist rather than an non-economist.
B) likely that the person chosen is not an economist rather than an economist.
C) almost certain the person will be an economist.
D) almost impossible the person will be an economist.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: If you care not only about your
Q31: According to the Kahneman-Tversky value function,<br>A)small gains
Q32: Say you are at the bar trying
Q33: The self-interest model predicts that the outcome
Q34: Some sports writers seem so sure that
Q35: Curt pays a $200 annual fee at
Q36: In an earlier chapter we learned that
Q37: If the receiver in the "ultimate bargaining
Q39: According to the text, one important economic
Q40: The Kahneman-Tversky value function provides a rationale