Refer to Scenario 1 . The student has already taken 9 exams. His 9th exam was a 65 and his 10th exam was higher than the 9th exam. What can we conclude has happened to his average?
What will be an ideal response?
You can't conclude anything unless you know whether the 10th exam score was higher than his previous average. The fact that it was higher than 65 which was his previous score is irrelevant.
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data show that among the firms that produce bananas, dole has 26% of sales, del monte has 14% of sales, fyffes has 8% of sales and nabob has 5% of sales. all other firms has the rest of sales. this information suggests that:
a) firms in the industry are "price takers" b) the firms in the industry are likely to engage in strategic behaviors and interaction c) the banana industry has a strong oligopoly d) the industry wold be described as monopolistic competitive e) b and c likely to occur
About one out of every ________ black children under the age of 18 is poor.
Fill in the blank(s) with the appropriate word(s).
From October 1997 to January 1998, the economy of South Korea was in turmoil. One of the problems was:
A. the value of the U.S. $ compared to the Korean won fell by more than half. B. the currency of South Korea appreciated considerably making it very difficult for Korean exporters to sell goods abroa C. U.S. goods became very cheap to Koreans making it difficult for Korean manufacturers to compete with imports. D. the value of the won fell by more than half compared to the U.S. dollar, making U.S. goods very expensive to Koreans and Korean goods relatively inexpensive for U.S. residents.
When the aggregate price level (P) is multiplied by real aggregate income (Y), the result is
A. the real aggregate price level. B. aggregate money demand. C. the aggregate money multiplier. D. nominal income.