Refer to Table 5.3. In order to weigh which of the job choices is riskiest, an individual should look at
A) the deviation, which is the difference between the probabilities of the two outcomes.
B) the deviation, which is the difference between the dollar amounts of the two outcomes.
C) the average deviation, which is found by averaging the dollar amounts of the two outcomes.
D) the standard deviation, which is the square root of the average squared deviation.
E) the standard deviation, which is the squared average square root of the deviation.
D
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The strategic argument for protectionism holds that a nation may sometimes have to threaten protectionism to induce other countries to drop their own protectionist measures.
Answer the following statement true (T) or false (F)
When comparing tax and spending policy by the government, in general we note that the tax policy multiplier effect relative to the spending multiplier should be:
A. larger. B. smaller. C. equivalent. D. not comparable.
Desirable property of money
If income were equally distributed, a nation's Lorenz curve would be identical to the _______________.
Fill in the blank(s) with the appropriate word(s).