Although he is very poor, Al plays the million-dollar lottery every day because he is certain that one day he will win. Al makes this calculation based upon
A) the frequency of past outcomes.
B) subjective probability.
C) knowledge of all possible outcomes.
D) tossing a coin.
B
Economics
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The figure above shows a natural monopoly that the government must regulate. If the government uses ________, the firm produces ________ units per week
A) the HHI; 50 B) an average cost pricing rule; 30 C) rate of return regulation; 40 D) social interest regulation; 30 E) a marginal cost pricing rule; 20
Economics
We can infer that the government is following a restrictive fiscal policy when
A) the actual deficit falls. B) the natural employment deficit falls. C) the actual deficit rises. D) the natural employment deficit rises.
Economics