If there are 10,000 people in your age bracket, and 10 of them died last year, an insurance company believes that the probability of someone in that age bracket dying this year would be
A) 0.
B) .001.
C) .0001.
D) 1,000.
B
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Securities dealers that trade stocks and bonds ________ comprise the over-the-counter market
A) valued at less than $1 each B) outside exchanges C) directly instead of electronically D) that have previously been sold
If a change in price does not lead to any change in revenue, then demand over that range of prices is inelastic
a. True b. False
The cost of stimulating the economy in the 1970s was:
A. high inflation and low unemployment for most of the 1980s. B. a severe recession with high unemployment in the 1980s. C. high inflation and high unemployment for most of the 1980s. D. a mild recession with modest unemployment in the 1980s.
Offering contributors private goods such as coffee mugs, books, or magazine subscriptions will ________ the free-rider problem and lead to a ________ level of contribution to the public good.
A. reduce; smaller B. reduce; larger C. increase; smaller D. increase; larger