A 65 percent chance of winning $10 and a 35 percent chance of losing $5 would be classified as a(n)
A. fair gamble.
B. worse-than-fair gamble.
C. unfair gamble.
D. better-than-fair gamble.
Answer: D
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The sum of the current account, capital and financial account, and official settlements account is
A) a positive number if the country has a trade surplus. B) a negative number if the country has a trade deficit. C) positive or negative depending on whether the domestic exchange rate is appreciating or depreciating. D) always equal to zero.
The Mint Act of 1792, following the ideas of Thomas Jefferson and Robert Morris, set the U.S. up as
(a) a silver standard country. (b) a paper-money country. (c) a gold-standard country. (d) a bimetallic country.
The graph shown demonstrates a tax on buyers. How many fewer units are being sold due to the imposition of a tax on this market?
A. 6
B. 9
C. 3
D. 12
Use the following table to answer the next question.YearAltaZornAltaZorn?(Real GDP)(Real GDP)(Population)(Population)1$2,000$150,00020050022,100152,00020250532,200154,000210508Between years 1 and 2, real GDP per capita grew by approximately ________ percent in Alta.
A. 3 B. 10 C. 5 D. 4