A standard deck of playing cards has 52 cards with 13 cards in each of the four suits; hearts, diamonds, spades, and clubs. If a single card is drawn from a standard deck, what is the probability that the card will be a spade?
A) 0.75 B) 0.13 C) 0.25 D) 0.52
C) 0.25
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________ dictates the lowest wage that firms may pay for labor
A) The black-market wage B) A maximum wage requirement C) A minimum wage law D) A price-ceiling wage
The Eurozone announced in 2015 that it will follow actions taken by both the UK and US Central Bank authorities and print additional money to inject funds into the financial system. This is called:
(a) Structural debt reduction. (b) Contractionary fiscal policy. (c) Quantitative Easing. (d) Austerity Measures.
A U.S. fast food restaurant chain sells dollars for Argentinean pesos and then uses the pesos to buy Argentinean beef. Which of the following do these transactions increase?
a. Argentinean net capital outflow and Argentinean net exports b. only Argentinean net exports c. only Argentinean net capital outflow d. neither Argentinean net exports nor Argentinean capital outflow
Between the years 1000 to 1800, growth in world output averaged ______ percent.
Fill in the blank(s) with the appropriate word(s).