Refer to Scenario 1 . If you start the course in such a way that each exam score is better than your previous average what should happen to your average score? What would happen to your average if it was below your previous exam score? Explain
What will be an ideal response?
Your average would continue to rise. If you received a score on one examination that was lower than the previous exam score there wouldn't be any way to determine what would happen to your average unless you knew what this score was compared to your previous average, not your previous exam score.
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Suppose when you are 21 years old, you deposit $1,000 into a bank account that pays annual compound interest, and you do not withdraw from the account until your retirement at the age of 65, 44 years later. How much more will be in your account if the interest rate is 6 percent rather than 5 percent?
A. $440 B. $4,428 C. $1,549 D. $8,557
Assume that the graphs show a competitive market referenced in the question below.
Select the graph that best shows the change in the market following a tax placed on the buyers in the market.
A. graph (1) B. graph (2) C. graph (3) D. graph (4)
Which of the following is most likely to reduce the consumption of an exhaustible natural resource?
A. A decrease in monopoly control of the market for the resource B. Government tax policies that give tax breaks to entrepreneurs who search for new reserves of the resource C. Implementation of a price ceiling for the resource below its equilibrium price D. Government macroeconomic policies that lower the interest rate on bonds
Between from 2002 through 2016 the Federal Reserve:
A. raised rates in order to follow the Taylor Rule. B. abandoned the Taylor Rule in favor of the Greenspan Rule. C. lowered rates and went against the Taylor Rule. D. left rates unchanged in order to follow the Taylor Rule.