Gabby flips a fair coin and it comes up heads. Gabby suffers from the hot-hand fallacy if:
A. she thinks the coin will come up heads on the next flip because it came up heads on the previous flip.
B. she thinks the coin will come up tails on the next flip because it came up heads on the previous flip.
C. she thinks the coin is less likely to come up heads because it came up heads on the previous flip.
D. she thinks the coin is equally likely to come up heads or tails on the next flip.
A. she thinks the coin will come up heads on the next flip because it came up heads on the previous flip.
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In the above figure, the equilibrium level of planned saving plus net taxes is
A) $1.0 trillion. B) $2.0 trillion. C) $3.0 trillion. D) $4.0 trillion.
Which of the following is not included in a nation's balance of payments?
a. International interest and dividend earnings. b. Total holdings of the central bank's international reserves. c. Financial service sales by domestic banks to foreign customers. d. All of the above are included in the balance of payments.
___________ is the study of the determination of an equilibrium price and quantity in a given product or input market that is self-constrained and independent of other markets
Fill in the blank(s) with the appropriate word(s).
Explain under what conditions supply is very inelastic and elastic.
What will be an ideal response?