You Might Be Using Extrapolation as an Approach for Stating

question 44

Multiple Choice

You might be using extrapolation as an approach for stating that:

• A) since your professor's exam was easy today, the last one must have been easy too
• B) you will have to study more for your exams
• C) your professor's exam will have to be more difficult than the last two easy ones
• D) since your professor's last two exams were easy, the next should be easy as well
• E) your professor will not give another exam this semester

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Definitions:

Wage Rate

The amount of money paid to an employee per unit of time, such as an hour or a year.

Economic Pie

A metaphorical representation of the total amount of wealth or resources available in an economy that can be divided among its participants.

Dollar Value

The worth or purchasing power of one United States dollar in terms of goods or services.

Goods and Services

The products (goods) and activities (services) that are produced and sold to satisfy human wants and needs.