Which of the following most likely supports Rina's argument over Juan's concerning wages and working conditions in developing countries?
A) Most African countries today still suffer from low or negative GDP growth.
B) Vietnam has experienced a five-fold increase in wages as a result of the growth of the footwear industry there.
C) The move of Electrolux to Mexico cost Michigan 2,700 jobs.
D) Minimum wages should be established at set levels, regardless of the impact on the number of jobs.
B
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The time for a professor to grade an exam is normally distributed with a mean of 16.3 minutes and a standard deviation of 4.2 minutes. What is the probability that a randomly selected exam will require more than 15 minutes to grade?
A) 0.3783 B) 0.4548 C) 0.5664 D) 0.6217
Taylor Corp rents a warehouse where it conducts a small manufacturing operation. As a condition of its lease, it pays a fire insurance premium. Taylor needs more room and rents larger quarters. Taylor then subleases its old warehouse to Mack. Taylor also assigns its already-paid insurance policy to Mack. This action is:
A) appropriate, so long as Taylor and Mack agree to it. B) appropriate, so long as the landlord agrees to it. C) not binding on the insurer. D) totally within the rights of Taylor, who already paid the premium.