Results from the tendency to make decisions based on preexisting beliefs even though evidence suggests that those beliefs are wrong.

Why is the mayflower significant? a) it was the first written document forbidding colonists from voting directly on laws. b) it was the first document that did not recognize citizen’s right c) it was the first written expression of citizen’s rights by the colonists d) it was the first government documents not created by the colonists

When employing the core learning system, reading text books and attending class are important ways to knowledge.

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.