In making decisions about insurance:
A. using hindsight is the only way to truly know what the right decision was.
B. you must consider it in light of the best information available at the time.
C. you need to weigh the cost of the insurance against the benefit of payouts over the life of the contract.
D. None of these statements is true.
B. you must consider it in light of the best information available at the time.
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In both Gamma and Delta average labor productivity is $20,000 per worker per year. The population of Gamma is 200,000 and the population of Delta is 400,000. Sixty percent of the population in each country is employed. Total output in Gamma is ________ and total output in Delta is ________.
A. $8 billion; $4 billion B. $2.4 billion; $4.8 billion C. $120,000; $800,000 D. $4 billion; $8 billion
Refer to Table 2.1. GDP in 2012 is
A) $190.00. B) $199.50. C) $215.00. D) $267.50.
The accompanying table below shows the relationship between the number of times you get your car washed each month and your total monthly benefit from car washes. Each car wash costs $15. Number of Car Washes Per MonthTotal Monthly Benefit from Car Washes0$01$202$363$484$565$60 How many times a month should you get your car washed?
A. 4 B. 1 C. 3 D. 2
In which of these countries is labor union membership as a percentage of the labor force the highest?
A. The U.S. B. Japan C. Canada D. Sweden