A _____ is a function that takes on a defined value for every point in the sample space

a. discrete variable
b. random variable
c. dependent variable
d. continuous variable


B

Economics

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If technological change increases the profitability of new investment for firms, then the ________ curve for loanable funds will shift to the ________ and the equilibrium real interest rate will ________

A) supply; right; fall B) supply; left; rise C) demand; right; rise D) demand; left; fall

Economics

In the following table, the United States has a comparative advantage in producing

Potatoes and Wheat Output (tons per hour)
COUNTRYPOTATOESWHEAT
United States42
Ireland31

Economics

In the work-leisure model, suppose consumption and leisure are both normal goods. The income effect of a wage increase results in the worker choosing to

a. work less than before. b. work more than before. c. possibly work more or less than before. d. work more with a higher level of consumption.

Economics

In deciding how many guitars to buy for his shop before the Christmas season, Mark is making a(n) ________ decision.

A. macroeconomic B. microeconomic C. normative D. irrational

Economics