Suppose that Joe enjoys and repeatedly does stupid things like getting heavily into debt and insulting police
Question:
Suppose that Joe enjoys and repeatedly does stupid things like getting heavily into debt and insulting police officers. Do these actions constitute systematic errors? If he gets what he wants each time, are his stupid actions even considered to be errors by economists? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 37% (8 reviews)
Joes stupid behaviors do not constitute systematic errors because the ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
Question Posted:
Students also viewed these Business questions
-
Joe McGuire is a CPA who has recently completed the audit of Nelson Repairs, Inc. The audited balance sheet and income statement follow: During his examination, Joe learned that a lawsuit is soon o...
-
Joe McGuire is a CPA who has recently completed the audit of Nelson Repairs Inc. The audited balance sheet and income statement follow: During his examination, Joe learned that a lawsuit is soon to...
-
Suppose that Jill and Joe are the only two people in the small town of Andover. Andover has land available to build a park of no more than 9 acres. Jill and Joe's demand schedules for the park are as...
-
For OEM & Aftermarket Parts Distribution Companies (reference an example company) Describe the sales presentation method: Salesperson to buyer? Salesperson to buyer to group? Sales team to buyer...
-
For each of the cases shown in Fig P7.16, determine the discharge velocity, the seepage velocity, and the seepage force per unit volume for (a) a permeability of 0.14 cm/s and a porosity of 46% (b) a...
-
How does poverty cause delinquency?
-
Test for cross-section dependence for the Gasoline example (as in problem 13.4). Do the same for the Public Capital example. What do you conclude? Data From Problem 13.4: For the Grunfeld example,...
-
On January 1, 2009, Pope Company purchased 90% of Sun Companys common stock for $5,800,000 cash. Immediately after the acquisition, the two companies balance sheets were as follows: Sun Companys note...
-
Consolidated Balance Sheet Working Paper, Bargain Purchase On January 1, 2022, Paxon Corporation acquired all of the outstanding common stock of Saxon Company for $2 billion cash. The prior to the...
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
Political advertising is often directed at winning over so-called swing voters, whose votes might go either way. Suppose that two political parties-the Freedom Party and the Liberty Party-disagree on...
-
Why do behavioral economists consider it helpful to base a theory of economic behavior on the actual mental processes that people use to make decisions? Why do neoclassical economists not care about...
-
Darcys law gives us the volume flow ratevolume per time (for example, cubic meters per day, m 3 /day). Another way to express volume is on a per-unit-area basis. For example, if we have a 1-m 3 cube,...
-
At the end of November 202 Upper X, the total amount of Social Security, $ 490, and Medicare, $ 275, was withheld as tax deductions from the employees of Rapid Waters, Inc. Federal income tax of $ 2...
-
For the current year, Boardwalk Games has the following inventory transactions related to its traditional board games. Date Transactions Units Unit Cost Total Cost January 1 Beginning inventory 102 $...
-
Sandy and John Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2022, Sandy worked as a computer technician at a local university earning a salary of $152,600,...
-
An incomplete cost of goods manufactured schedule is presented here. Complete the cost of goods manufactured schedule for Splish Brothers Company. ( Assume that all raw materials used were direct...
-
Use the link below to answer the followings questions. https://www.justice.gov/opa/pr/new-jersey-construction-company-operator-pleads-guilty-tax-crimes-and-bankruptcy-fraud 1. Company and Industry:...
-
Edward has to take a five-question multiple-choice quiz in his sociology class. Each question has four choices for answers, of which only one is correct. Assuming that Edward guesses on all five...
-
The Zwatch Company manufactures trendy, high-quality moderately priced watches. As Zwatch's senior financial analyst, you are asked to recommend a method of inventory costing. The CFO will use your...
-
In early 2001 investment spending sharply declined in the United States. In the 2 months following the September 11, 2001, attacks on the United States, consumption also declined. Use AD-AS analysis...
-
Go to the OPEC Web site, www.opec.org, and find the current OPEC basket price of oil. By clicking on that amount, you will find the annual prices of oil for the past 5 years. By what percentage is...
-
Assume that a hypothetical economy with an MPC of .8 is experiencing severe recession. By how much would government spending have to increase to shift the aggregate demand curve rightward by $25...
-
How can bash shell scripting improve resource utilization and process management in Unix systems?
-
A solid sphere that is uniformly positively charged produces an electric field. Assume no other objects are around. What is the magnitude of the electric field a distance r from the center of the...
-
Why is potential difference important in x - ray production?
Study smarter with the SolutionInn App