You took a job as a salesperson in an insurance company with the knowledge that you have 0.5 chance of making $2,000 a month or $3,000 a month. How much will you make each month?
A) definitely $2,500
B) definitely $2,000
C) definitely $3,000
D) either $2,000 or $3,000
D
You might also like to view...
If both demand and supply increase, what will be the effect on the equilibrium price and quantity?
A) Both the price and the quantity will increase. B) The quantity will increase but the price could either rise, fall, or remain the same. C) The price will fall but the quantity will increase. D) The price will rise but the quantity could either increase, decrease, or remain the same.
The first industry to use interchangeable parts in the U.S. was
(a) machine tools. (b) guns. (c) cotton textiles. (d) watches.
Which of the following is true in a market economy?
a. Central planners determine answers to the basic economic questions. b. Resources are used efficiently. c. The distribution of wealth is equal. d. Information for production and distribution decisions pass directly to buyers from the government.
Of the following choices, which is the best example of a nation's economic infrastructure?
a. Natural resources. b. Highway system. c. Government. d. Religious and cultural beliefs. e. Population growth rate.