Loretta sells Timmy a baseball with a forged autograph of Babe Ruth. Loretta knew that the autograph was forged but told Timmy it was authentic, and even presented him with fake documentation verifying its authenticity. Economists would call this an:.
A. inefficient exchange, as at least one party used false market information.
B. efficient exchange, as any type of voluntary exchange promotes efficiency.
C. inefficient exchange because there were externalities involved.
D. efficient exchange, assuming Loretta was not intentionally trying to trick Timmy

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a.j. could have probably handled. a.j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a.j. was recognizing the culture at idle time gaming.