Which of the Following Games Involving the Roll of a Single

question 41

Multiple Choice

Which of the following games involving the roll of a single die is a fair bet?

• A)Bet $1 and receive $1 if 3 or 4 comes up.
• B)Bet $1 and receive $1 if 3,4,or 5 comes up.
• C)Bet $1 and receive $4 if six comes up.
• D)None of the bets is a fair bet.

Recognize how personality assessments can predict employee behavior and job performance.

Understand how governments can regulate negative externalities through direct controls.

Identify the resource allocation problems created by negative and positive externalities.

Recognize different solutions to traffic congestion, including congestion pricing.

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, which can vary based on factors such as inflation, supply and demand of credit, and governmental policy.

Annual

Relating to a period of one calendar year, used to measure or describe events, reports, or statistics that occur or are accumulated yearly.

Bank Account

An account held at a financial institution that allows for the deposit and withdrawal of money.

Annual Withdrawals

The amount of money that an individual withdraws from an investment or savings account each year.