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I got 14/18, which isn't all that bad if you consider that I never took economics at any level.
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"ThinkProgress is sending a petition to the members of the House Judiciary Committee â where impeachment articles are drawn â imploring them to act now to remove Bybee from public office. Please join our efforts!
Jay Bybee has neither the legal nor moral authority to sit in judgment of others. Sign the petition below."
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"Gliese 581 is an M3 red dwarf, it has a mass of about a third that of the Sun, slightly lower metal content and is about the same age probably a bit older than the Sun, we think.
It is about 20 light years away." -
"Tangentially-related to the question of whether Wall Street types deserve their compensation packages is the yearly phenomenon in which actively managed mutual funds underperform the market. Between 2004 and 2008, 66.21% of domestic funds did worse than the S&P Composite 1500. In 2008, 64.23% underperformed. In other words, if you had a fund manager and his employees bringing their skill and knowledge to bear on your portfolio, you probably lost money as compared to the market as a whole."
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"As you can see, family income has a big influence here. Two thirds of the kids with average math scores and low-income parents wind up not going to college, while almost two-thirds of high-income kids with average math scores do go. "
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"So it turns out that the litigious old bastard has at least one useful social purpose. The unimpeded, undiminished work of his infamously evil anti-gay "ministry" emphatically disproves every Scary Story promoted by anti-gay religious groups who claim that recognizing marriage equality or including sexual orientation in existing hate-crime or anti-discrimination legislation will lead to Christian ministers being thrown in jail for saying they believe homosexuality is a sin."
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Unbelievable things people do with their babies, aleph-nought in a series.
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I too got 14/18 in the economics quiz. I have to wonder though, if labor productivity increases, how does that apply downward pressure on unemployment? As I see it, the higher productivity would mean companies would not need to add additional workers and so result in higher unemployment.
I have to wonder though, if labor productivity increases, how does that apply downward pressure on unemployment? As I see it, the higher productivity would mean companies would not need to add additional workers and so result in higher unemployment.
That's one of the ones I missed, too, and I don't understand it, either. "Labor productivity" is presumably defined in some counter-intuitive way, and not the "amount of stuff made per worker" definition that the name suggests.
I was also puzzled by the last one, in which none of the quantities in the problem are even close to 12% of the correct answer. I'm sure there's some oddball definition at the heart of that one, too.
As I've said before, economics is not "the physics of the social sciences," as is sometimes claimed. Instead, it's the astronomy of the social sciences-- primarily observational rather than experimental, and all the quantities they measure turn out to be something like the negative logarithm of the properties that actually matter.