The figure shown portrays a game using a:
A. decision tree.
B. decision matrix.
C. graph.
D. flowchart.
Answer: B
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Joe consumes 48 units of food and 12 units of clothing. If food is an inferior good:
A. Joe would strictly prefer receiving $10 in cash to receiving a $10 gift certificate at a clothing store. B. Joe would strictly prefer receiving a $10 gift certificate at a clothing store to receiving $10 in cash. C. upon receiving a $10 gift certificate at a clothing store, Joe would consume less clothing and more food. D. Joe would be indifferent between receiving a $10 gift certificate at a clothing store and receiving $10 in cash.
Define worker-hours and labor productivity. What factors are behind labor productivity?
Please provide the best answer for the statement.
In 2014, the poverty line was
A. $12,701 for one person and $24,230 for a family of four. B. $15,769 for one person and $32,463 for a family of four. C. $12,013 for one person and $15,769 for a family of four. D. $9,373 for one person and $13,500 for a family of four.
One advantage of a managed float exchange rate system compared to a floating exchange rate system is
A) it allows the exchange rate to reflect demand and supply in the market. B) there is no need for government intervention. C) it allows greater exchange rate stability. D) it eliminates the possibility of depreciation during a recession.