The U.S. exchange rate has:
A. slightly fluctuated over the past 30 years.
B. been fixed during the past 30 years.
C. significantly fluctuated over the past 30 years.
D. appreciated over the past 5 years.
Answer: C
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The mean of a data set is the:
A) product of all values divided by the number of values. B) sum of all different values multiplied by the number of values. C) difference between the highest value and the lowest value. D) sum of all different values divided by the number of values.
In thinking about the criteria for an ideal voting system, unanimity means if:
A. the median in the group prefers option X to option Y, then X beats Y. B. the majority of the group prefers option X to option Y, then X beats Y. C. no one in the group prefers option X to option Y, then it must still be possible for X to beat Y. D. everyone in the group prefers option X to option Y, then X beats Y.
Which of the following is not a source of inequality in incomes?
A. Redistribution of income B. Differences in intensity of work C. Differences in ability D. Risk taking
A legal organization of a firm where the business is owned by one individual who makes the business decisions, receives all the profits, and is legally responsible for the debts of the firm is a(n)
A. corporation. B. entrepreneur. C. partnership. D. proprietorship.