According to the text, the ________ measures the spread of the data
A) mode
B) median
C) mean
D) range
E) body
D
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Because there are only a few firms in markets with oligopolistic competition,
A. the many competitors will focus on product differentiation. B. price wars may occur. C. producers do not have to consider the reactions of rival firms. D. government often encourages consolidation to reduce the number of competitors. E. everyone is a price taker.
Columba is a country of one hundred thousand people on a small island in the South Pacific. Legal matters are decided by elected Law Sitters. When subjects bring cases before the Law Sitters, each is responsible for presenting their legal and factual arguments. The primary law of Columba comes from the Book of Rapunzel, which provides rules of conduct and guidelines of behavior. In the hearings,
the Law Sitters ask few questions. They rule in favor of the party they believe presented the most believable facts consistent with the rules found in the Book of Rapunzel. This system most closely resembles a. an adversary system. b. an inquisitorial system. c. an equity system. d. a common law system.
In Loveladies Harbor v. U.S., regarding an Army Corps decision prohibiting further construction in a real estate area, the Circuit Court held that:
a. a construction site qualified as a protected wetland b. a housing unit was located on top of an endangered marsh area c. the presence of even a few geese indicated that a construction site was a wetland d. the federal government had illegally destroyed a wetland e. none of the other choices
What is value? Why is it important?
What will be an ideal response?