Assume a study indicates that attending an SAT preparation class improved average SAT scores by 200 points. If the null hypothesis is true and the p-value for the 200 point SAT score improvement is 0.015, then there is a ________ chance of improving your SAT score by 200 points.

A. 0.3%
B. 1.5%
C. 3%
D. 15%


Answer: B

Economics

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Many people feel that a negative income tax would ______.

a. make it harder to demonstrate need b. complicate the tax bureaucracy c. lead to better consumption choices d. reduce the incentive to work

Economics

Refer to the table shown.BotswanaZimbabweGoldNickelGoldNickel030009060200186012010036301800540In this example:

A. there are no possible gains from trade. B. there are gains from trade for Zimbabwe. C. there are gains from trade for both countries. D. there are gains from trade for Botswana.

Economics

Long-run aggregate supply corresponds to the level of potential output.

a. true b. false

Economics

The diagram shows the short-run average total cost curves for five different plant sizes of a firm. The shape of each individual curve reflects:



A. increasing returns, followed by diminishing returns.
B. economies of scale, followed by diseconomies of scale.
C. constant costs.
D. increasing costs, followed by decreasing costs.

Economics