Mary Kay Ash was one of the first individuals who sold cosmetics directly to customers via independent sales representatives. The company founded by Mary Kay is now one of the largest and most successful cosmetics companies in the world. Mary Kay Ash would be classified as a(n)
A. entrepreneur.
B. socialist.
C. opportunist.
D. monopolist.
Answer: A
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If you have flipped a fair coin and tails has come up 49 times in a row, what are the odds that the next flip will be a head?
A) 1/50 B) 1/25 C) 1/2 D) 1 (100%)
Archie has a savings account at a bank. If he earns 6 percent interest on his account and if there is deflation, then his purchasing power rises by more than 6 percent over the course of a year
a. True b. False Indicate whether the statement is true or false
Stagflation" refers to
A. a simultaneous increase in output and the price level. B. a simultaneous reduction in output and the price level. C. an increase in the price level accompanied by decreases or leveling off in real output and employment. D. a decline in the price level accompanied by increases in real output and employment.
With labor held constant, Y=F(K)=K0.5, 400 units of capital, and the fraction of output invested in new capital at 0.2 (investment rate), and a depreciation rate is 0.05, what is the steady state amount of capital?:
A) 16 B) 64 C) 100 D) 225