Twenty-five students in a class take a test for which the average grade is 75. Then a twenty-sixth student enters the class, takes the same test, and scores 70. The test average grade calculated with 26 students will
A. fall below 75.
B. rise above 75.
C. change from 75 but the direction is unclear.
D. still equal 75.
Answer: A
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Bank C promises to pay a compound annual interest rate of 6 percent, while Bank S pays a 10 percent simple annual interest rate on deposits. If you deposit $1,000 in each bank, after 10 years, your deposit in Bank C equals ________, while your deposit in Bank S equals ________.
A. $1,791; $2,000 B. $1,600; $2,594 C. $1,600; $2,000 D. $1,060; $1,100
By the end of the colonial period, the Middle Colonies' population gained over New England but the Southern population continued to dominate
Indicate whether the statement is true or false
A government is thinking about increasing the sales tax rate. Should it use static or dynamic tax analysis? Explain why one approach is better than the other
What will be an ideal response?
Which of the following supply shocks would shift the aggregate supply curve inward?
a. A decrease in business taxes b. A decrease in gasoline taxes c. A decrease in the cost of raw materials d. A decrease in agricultural output e. A decrease in the amount and cost of government regulation