If the economy produces 27 consumer goods and 12 capital goods, the economy would be producing __________________ (outside/on/inside) the production possibilities curve.



inside

Economics

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Military force is most effective _____

a. when a country's army has superior numbers b. when a country's navy is superior c. if it causes the other side to back down d. if it causes the other side to waste resources

Economics

Calculate the following probabilities using the standard normal distribution. Sketch the probability distribution in each case, shading in the area of the calculated probability

(a) Pr(Z < 0.0) (b) Pr(Z ? 1.0) (c) Pr(Z > 1.96) (d) Pr(Z < –2.0) (e) Pr(Z > 1.645) (f) Pr(Z > –1.645) (g) Pr(–1.96 < Z < 1.96) (h.) Pr(Z < 2.576 or Z > 2.576) (i.) Pr(Z > z) = 0.10; find z. (j.) Pr(Z < –z or Z > z) = 0.05; find z. What will be an ideal response?

Economics