standard deck of playing cards has 52 cards with 13 cards in each of the four suits; hearts, diamonds, spades, and clubs. Each of the four suits has a king card. If a single card is drawn from a standard deck, what is the probability that the card will be a king?
A) 0.25
B) 0.077
C) 0.33
D) 0.019
B) 0.077
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Indicate whether the statement is true or false
Why do economists measure responsiveness of demand to price in percentage changes rather than in absolute changes?
What will be an ideal response?
If interest rates in Europe fall below interest rates in the United States, then, other things equal, the demand for euros will decrease
a. True b. False Indicate whether the statement is true or false
In the Keynesian model, if planned saving is greater than planned investment,
a. the economy will expand. b. unemployment will rise. c. the marginal propensity to consume will decline. d. the rate of interest will rise.