Assume that you assign the following subjective probabilities for your final grade in your econometrics course (the standard GPA scale of 4 = A to 0 = F applies): Grade Probability A 0.20 B 0.50 C 0.20 D 0.08 F 0.02 The expected value is:
A) 3.0
B) 3.5
C) 2.78
D) 3.25
Answer: C
Economics
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Consumption spending is __________ and investment spending is __________ in the Keynesian model
A) autonomous; autonomous B) autonomous; induced C) induced; autonomous D) induced; induced
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Refer to Figure 16.1. An increase in the corporate tax rate is best represented by a movement from
A) point A to point B. B) point B to point A. C) point A to point C. D) point C to point A.
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Financial monetary assets which often cannot be readily used in commercial exchanges are included in:
A. M1. B. M2. C. credit cards. D. prepaid accounts.
Economics