Assume the following. In location A yearly temperatures range from -30°F to 100°F and in location B yearly temperatures range from 55°F to 75°F. In both locations the average yearly temperature equals 65°F. We can conclude that
A) temperature in location A has a higher variance.
B) temperature in location B has a higher standard deviation.
C) temperature in location A has a lower standard deviation.
D) temperatures in both locations have the same standard deviation but different variances.
A
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"Cheap foreign wages" is a poor argument for protection because it fails to recognize the importance of productivity. Which of the following does NOT contribute to increasing productivity?
A) Education and training B) Government subsidies C) Infrastructure D) Capital
Suppose that Tracy Stuart spends all of her income on two goods, A and B, in a manner in which MUa = 15 and MUb = 80, and the Pa = $5 and the Pb = $20 . Then she
a. is already maximizing her total utility and should make no change b. should increase her purchases of B and decrease her purchases of A c. should raise MUa so that the MUa/Pa ratio is higher, giving her reason to buy more of A and less of B d. should raise MUa so that the MUa/Pa ratio is higher, giving her reason to buy more of B and less of A e. should increase her purchases of A and decrease her purchases of B