Suppose Jack and Kate are at the town fair and are choosing which game to play. The first game has a bag with four marbles in it-1 red marble and 3 blue ones. The player draws one marble from the bag; if it is red, they win $20 and if it is blue, they win $1. The second game has a bag with 10 marbles in it-1 red, 4 blue, and 5 green. The player draws one marble from the bag; if it is red, they win $20; if it is blue, they win $5; and if it is green, they win $1. Both games cost $5 to play. What is the probability of drawing a red marble in each game?
A. 10 percent in both games
B. 10 percent in the first game and 25 percent in the second game
C. 25 percent in the first game and 10 percent in the second game
D. 25 percent in both games
C. 25 percent in the first game and 10 percent in the second game
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Suppose Sarah Beslin is the Chief Executive Officer (CEO) of an inline skates corporation in Mayberry township. Suppose also that the corporation is a monopsony. It is customary in the U.S. that companies meet with each other at their local community Chamber of Commerce. When Sarah goes to the Mayberry Chamber of Commerce for a CEO meeting,
a. she advises the other CEOs on how to maximize profits b. the meeting participants must beware of taking actions that could be construed as collusion c. there are sessions on buyer and supplier issues d. CEOs discuss how to deal with the rising cost of labor e. she is the only one there
According to the circular-flow diagram, if Suzy is a worker who delivers flowers for Happy Day Flower Company, she participates
a. in the markets for factors of production exchanging labor for income. b. in the markets for factors of production exchanging flowers for revenue. c. in the markets for goods and services exchanging flowers for wages, rent, and profit. d. in the markets for goods and services exchanging labor for income.
Which of the following taxes has the greatest effect on the natural rate of unemployment?
a) income taxes b) retail sales taxes c) Social Security taxes d) real estate taxes e) inheritance taxes
Referring to Table 4.2, Box K should be filled with 
A. $7.50. B. $2. C. $12.50. D. $5.00.