For a large group of individuals, the proportion of people who will have accidents is
A. extremely unstable.
B. extremely predictable.
C. always constant.
D. extremely unpredictable.
Answer: B
You might also like to view...
Only a market economy must answer the questions of what goods to produce, how to produce them, and for whom to produce them.
Answer the following statement true (T) or false (F)
Moving along the short-run Phillips curve, a ________ unemployment rate can only be achieved by paying the cost of ________
A) lower; a lower inflation rate B) lower; a lower price level C) lower; a higher expected inflation rate D) lower; a higher inflation rate E) higher; a higher inflation rate
A bond and stock differ in that a stock is an IOU for a fixed amount and a bond is a portion of ownership.
Answer the following statement true (T) or false (F)
The value of price elasticity of demand is more likely to be above 1 if:
a. consumers have a long time to adjust to a price change. b. the product is a necessity. c. demand is inelastic. d. there are few close substitutes for the product. e. total revenue declines in response to a price reduction.