Expected values are
a. Values that you expect from an individual
b. Mean values
c. Weighted average outcomes
d. Both B&C
d
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In Econland exports equal 15 percent of total output, while imports equal 20 percent of total output. Econland has a:
A. trade surplus. B. trade deficit. C. budget surplus. D. budget deficit.
If people have a sudden decrease in confidence in the open economy of the U.S. and no longer want to invest there, the NCO:
A. increases, and the demand for loanable funds curve would shift left. B. decreases, and the demand for loanable funds curve would shift right. C. decreases, and the demand for loanable funds curve would shift left. D. increases, and the demand for loanable funds curve would shift right.
Which group is most likely to be adversely affected by the importation of foreign steel?
A. Domestic steelworkers. B. Consumers of domestic automobiles for which steel is an input. C. Foreign steel producers. D. Domestic automobile workers.
A liability to a bank is
A. something that the bank owns. B. something that the bank owes. C. something a customer owes the bank. D. the value of bank buildings and hardware.