The weighted average of all possible outcomes of a project, with the probabilities of the outcomes used as weights, is known as the
A) variance.
B) standard deviation.
C) expected value.
D) coefficient of variation.
C
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Economists who are skeptical of hysteresis in Europe during the 1980s and 1990s cite all of the following as reasons for persistently high unemployment in Europe EXCEPT
A) generous unemployment benefits. B) restrictions on firms' ability to hire and fire workers. C) the existence of an ongoing recession. D) high tax rates.
The National Labor Relations Act (Wagner Act)
A) prohibited the creation of company unions. B) guaranteed workers the right to organize. C) set the minimum wage at $5.15 an hour. D) set the length of the workweek at 40 hours.
Consumers who are loyal to a brand will purchase products under that brand name even if their prices are above other competing brands
a. True b. False Indicate whether the statement is true or false
An example of expansionary fiscal policy is
A) an increase in government spending, or an increase in taxes, or both. B) a decrease in government spending, or a decrease in taxes, or both. C) an increase in government spending, or a decrease in taxes, or both. D) a decrease in government spending, or an increase in taxes, or both. E) holding government spending constant while increasing taxes.