Which of the Following Is a Good Example of Efficient

question 204

Multiple Choice

Which of the following is a good example of efficient specialization and voluntary exchange?

• A)A college professor hires someone to rototill his or her garden to ready it for spring planting.
• B)A college professor works on the engine of a car for a neighbor who is a mechanic.
• C)A lawyer decides to babysit his or her young child and agrees to do so for others for cash.
• D)A physician agrees to help a neighbor work on his or her income tax return in exchange for his or her bookkeeping services.

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Definitions:

Body Fat

The portion of a person's body mass made up of fat tissues as compared to lean body mass.

Bins

In the context of histograms, bins are intervals used to divide the entire range of values into a series of intervals to count the number of values that fall into each interval.

Bimodal

A distribution with two different modes (peaks) where the data shows two prevalent values.

Skewed

A distribution that is not symmetrical, where the bulk of values are concentrated to one side of the mean.