Consider the following game. You pick a card from a deck and each time you select an ace, you get $260. For all other cards you must pay $13. What is the expected value of the game?
A. -$12
B. $0
C. $8
D. $32
Answer: C
Economics
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In the figure above, which of the following represents a real flow?
A) Expenditures on real estate services B) Profit C) Capital D) Wages E) Both B and D
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All consumption bundles along a given indifference curve are equally desirable
Indicate whether the statement is true or false
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To measure how productive workers in the economy are, the best measure to use would be
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Economics