Doomsday projections have generally
a. been correct.
b. been incorrect, but with better technology and the ability to predict the future, these forecasts have become much more accurate in the last few decades.
c. been inconsistent. Some projections came true, others failed.
d. been wrong.
D
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The function of money that allows individuals a method to compare the relative value of goods and services is
A) liquidity. B) medium of exchange. C) store of value. D) unit of accounting.
The phrase "a change in demand" most directly implies a
A) movement along a demand curve. B) movement along the price curve. C) change in the quantity demanded of a good. D) shift of the demand curve. E) movement along the quantity curve.
Refer to the scenario above. What is likely to be the impact on Firm A's sales if Firm A decides to sponsor the event while Firm B decides not to sponsor the event?
A) A 5% increase in sales B) A 2% increase in sales C) A 7% increase in sales D) A 0% increase in sales
A die is rolled and if the outcome is an even number, a gambler receives $10. If the outcome is an odd number, the gambler loses $10. What is the expected value of this game?
What will be an ideal response?