If a coin is flipped two times, what is the probability of a tail appearing on the first toss and then a head appearing on the second toss?
A) 0.50
B) 1.0
C) 0.75
D) 0.25
D) 0.25
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For poor and nonpoor elderly, social security receipts exceeds the sum of interest, dividends, pensions, and earnings
Indicate whether the statement is true or false
A fixed exchange rate is enforced by
a. national governments, who establish appropriate trade barriers for each country with whom they trade b. national governments, who manipulate gold reserves appropriately c. central banks, who buy and sell appropriate currencies d. the International Monetary Fund, which offers loans to appropriate countries e. local governments, who manipulate capital reserves appropriately
To be efficient, outputs should be produced that minimize total cost
a. True b. False Indicate whether the statement is true or false
Opponents of using policy to stabilize the economy generally believe that
a. neither fiscal nor monetary policy have much impact on aggregate demand. b. attempts to stabilize the economy decrease the magnitude of economic fluctuations. c. unemployment and inflation are not cause for much concern. d. economic conditions can easily change between the start of policy action and when it takes effect.