___________ is credited with introducing the water frame in American spinning mills
a. Samuel Slater
b.Oliver Evans
c. Robert Fulton
d. Eli Whitney
a. Samuel Slater
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How does the idea of independent events help in explaining the gambler's fallacy in a roulette game?
What will be an ideal response?
Examine the following statements and determine if they are normative or positive in nature. Explain your answer
a. The U.S. automotive industry registered its highest growth rate in 5 years in 2012; U.S. auto sales increased by 13% compared to 2011 . b. The U.S. government should increase carbon taxes to control emissions that cause global warming.
The marginal cost of Alexa’s Guide to Street People and Their Pets is constant at $5. Alexa sells 5,000 copies per year at $20 per copy. She would like to increase readership and hold total profit constant. If the price goes to $15, how many copies must she sell?
A. 10,000 B. 9,000 C. 7,500 D. 6,000
Money’s principal function is to serve as a
A. standard for making loans. B. standard for credit reporting. C. medium of exchange. D. method for storing wealth.