Given that the world is filled with uncertainty
A) managers need to assess the probabilities of certain outcomes.
B) managers need to avoid using game theory, as it is too complex to be of any help.
C) managers need to hire statisticians to calculate expected values.
D) none of these choices.
A
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All of the following are surplus items on the balance of payments accounts EXCEPT
A) U.S. residents purchases of gold from foreign residents. B) foreign tourists spending funds in the United States. C) exports of merchandise. D) sales of U.S. dollars to foreign residents.
The following data represent a personal income tax schedule. Answer the question on the basis of this information. Refer to the below table. As income increases, the average tax rate:
A. Increases
B. Decreases
C. Remains constant
D. Has no definite pattern