Provided Below Are the Sizes of 15 Farms, in Acres

question 32

Multiple Choice

Provided below are the sizes of 15 farms, in acres, randomly selected from the state of Oregon. Find
The midrange of the sample below.

• A)1,321.5 acres
• B)329 acres
• C)378 acres
• D)498 acres

---

Definitions:

Keynesian Approach

An economic theory stating that government intervention through fiscal and monetary policy is necessary to manage economic fluctuations.

President Reagan

Ronald Reagan, the 40th President of the United States, served from 1981 to 1989, known for his conservative policies and the economic doctrine referred to as "Reaganomics."

Classical Economists

A group of 18th- and 19th-century economists who believed in the theory that markets operate best without government interference, focusing on the importance of free markets for economic development.

Quantity Theory

An economic theory that suggests the general price level of goods and services is directly proportional to the amount of money in circulation.