In a small town, it snowed 10 times on Christmas Eve during 25 years. What is the frequency of snowing on Christmas Eve in that small town?

The transactions motive for holding money reflects the behavior of people who hold money

a. instead of near money b. to transact purchases they expect to make c. as insurance against unexpected needs d. to speculate in the stock market e. to take advantage of changes in interest rates

Nonsmoking sections in restaurants are designed to

a. prevent third parties from causing a market failure b. increase demand by achieving market equilibrium c. prevent free riders from incurring a negative externality d. prevent third parties from incurring a negative externality e. achieve market equilibrium which cannot be achieved without the designated sections