The skewness is most likely positive for one of the following distributions:
A) The grade distribution at your college or university.
B) The U.S. income distribution.
C) SAT scores in English.
D) The height of 18 year old females in the U.S.
Ans: B) The U.S. income distribution.
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Suppose that the equilibrium price of apples decreases and the equilibrium quantity of apples increases. This is best explained by a(n):
A. decrease in the demand for apples. B. increase in the demand for apples. C. decrease in the supply of apples. D. increase in the supply of apples.
________ economics is analysis that generates objective descriptions or predictions about the world that can be verified with data
A) Positive B) Negative C) Marginal D) Normative
If an individual discounts delayed utils with a weight of 1/4, the present value of 90 utils to be received after a year is:
A) 17.25 utils. B) 22.5 utils. C) 90 utils. D) 460 utils.
If the market price in a competitive market is below the minimum of average variable cost, the firm will shut down
Indicate whether the statement is true or false