The Williams' household uses natural gas heat, the Reynolds' use a wood stove. Whose household heating system is most efficient?
A) Without more information, the question is meaningless.
B) Williams'
C) Reynolds'
D) It depends only on the BTU's (the amount of heat produced) per unit of heat-source input.
A
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Cost-plus pricing and guaranteed profit regulation give the same results
a. True b. False Indicate whether the statement is true or false
Kelly works at an ice cream shop and observes that the number of people buying ice cream varies greatly from day to day. For a couple of weeks she has recorded the number of people at the shop each day, as well as the daily temperature. If Kelly is using
the scientific method to better understand ice cream buying habits, her next step is to: A. conclude definitively that people buy more ice cream when the temperature rises. B. state her findings as a well-tested economic principle. C. use the observed data to form a hypothesis about ice cream buying behavior. D. throw out the data if it does not show a perfect relationship between buying habits and the other information she has collected.