Objective probabilities are based on ________ and ________ frequencies.
A) educated guesses; popular
B) educated guesses; relative
C) data; popular
D) data; relative
D) data; relative
You might also like to view...
Above the equilibrium nominal interest rate, there is a surplus of money
a. True b. False Indicate whether the statement is true or false
As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. As a result, she loses half of her productive farmland. If the property of diminishing returns applies to all factors of production, she should expect to see
a. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. c. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.
One tradeoff society faces is between efficiency and equality. Define each term. If the U.S. government redistributes income from the rich to the poor, explain how this action affects equality as well as efficiency in the economy
An employee who prepares checks and submits them with supporting documents to the official authorized to sign checks should not be responsible for mailing the signed checks.
a. true b. false