Answer:
The answer is A.
Explanation:
One of the functions of money is to serve as a store of value(the rest is as a medium of exchange, store of value, unit of account)
Money can be stored as deposit in banks(the money saved in banks), bonds, golds, stocks etc. Money are stored in these as they can easily be converted to cash. What the money is being stored as must be easily be converted to cash.
Answer:
Option C
Explanation:
This paper looks at the prospects for union renewal in Canada and the United States comes from a study and analysis of recent trends in activism, collective bargaining and political action. While workers have dedicated significant effort and money to new measures, the overall investigation points us to assumptions which are largely negative.
The degree and trajectory of union density levels suggests that in order to pursue sustainable recovery, the two labor groups lack the structural structures and public policies.
Answer: c. It could allow real wages to downwardly adjust more easily.
Explanation:
When there is modest inflation, companies in the car manufacturing industry can simply decide not to increase nominal wages. This would lead to a fall in real wages as inflation would ensure that the nominal wages are less than they were worth before.
This decrease in real wages will allow the companies in the industry to reduce labor costs in real terms and become more competitive with the foreign manufacturers.
Answer:
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Explanation:
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Answer:
Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.
Explanation:
A confidence interval is a range of values, derived from the sample statistics, which may include the value of an unknown population parameter.
A 95% confidence interval indicates that between 152 of 160 samples (95%) of the same population will produce confidence intervals that will contain the population parameter.
It also means that we have a 95% confidence that the average (average amount) is among the resulting amounts obtained.
Logically, option "D" is missing the final part. This would be: D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $ 15.
This is the only true option, since the test is based on a sample of only 160 households, the entire population of households cannot be included.
Hence, the correct option is:
Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.
