Bill has noticed that increases in unemployment insurance claims are associated with recessions,and therefore he advocates limits on unemployment insurance so as to prevent recessions.Martha has noticed that most drug addicts once attended schools,and therefore she advocates getting rid of schools so as to prevent drug addiction.
A) The reasoning of both Bill and Martha suffers from the omitted variable problem.
B) The reasoning of both Bill and Martha suffers from the reverse causality problem.
C) Bill's reasoning suffers from the reverse causality problem,and Martha's reasoning suffers from the omitted variable problem.
D) Martha's reasoning suffers from the reverse causality problem,and Bill's reasoning suffers from the omitted variable problem.
Correct Answer:
Verified
Q44: A relatively steep demand curve indicates that
A)quantity
Q47: The slope of a fairly flat upward-sloping
Q49: A relatively flat demand curve indicates that
A)quantity
Q55: The slope of a steep upward-sloping line
Q56: Suppose that someone makes the argument that
Q62: In the early 19th century,the Russian government
Q371: The slope of a line that passes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents