Randy is a minor-league baseball player. His current cumulative batting average is 0.270 . Randy believes that if he can raise his cumulative batting average to 0.300, he will have a chance to play in the major leagues. Which of the following statements is correct?
a. If Randy gets between 27 and 30 hits out of his next 100 at bats, he will be able to raise his cumulative batting average to 0.300.
b. If Randy gets 30 hits out of his next 100 at bats, he will be able to raise his cumulative batting average to 0.300.
c. Randy must get more than 30 hits out of his next 100 at bats in order to raise his cumulative batting average to 0.300.
d. Either b or c could be correct.
c
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Mark started taking guitar lessons when all his cousins started playing guitar. This is an example of ________
A) peer effect B) moral hazard C) adverse selection D) a pecuniary externality
Factors likely to cause a financial crisis in emerging market countries include
A) severe fiscal imbalances. B) decreases in foreign interest rates. C) a foreign exchange crisis. D) too strong oversight of the financial industry.
One problem with the unemployment rate is that:
A. discouraged workers are included in the calculation. B. the data includes part-time workers as fully employed. C. underemployment is measured in the calculation. D. teen workers are excluded from the statistics.
Refer to the graph below, which shows the market for bicycles. S1 and D1 are the original supply and demand curves. D2 and D3 and S2 and S3 are possible new demand and supply curves. Starting from the initial equilibrium (point 1), what point on the
graph is most likely to be the new equilibrium after a sharp increase in traffic accidents involving cyclists, and the payment of subsidies to bicycle producers?
A. 3
B. 4
C. 5
D. 6