Assume There Are Only Three Possible States of Nature for the Economy

question 57

Multiple Choice

Assume there are only three possible states of nature for the economy in the future: boom,normal,and recession.If there is a 25% chance of a recession and a 30% chance of a boom,then what is the probability of a normal economy in the future?

• A) 45%
• B) 30%
• C) 25%
• D) 100%

---

Definitions:

Victims of Mobbing

Individuals who suffer from being targeted by hostile and unethical behavior from a group, often in the workplace, leading to emotional and psychological distress.

Powerless

Lacking the ability, strength, or authority to act or influence one's circumstances or the actions of others.

Hostile Work Environment

A workplace in which the behavior of others or the organizational climate makes it difficult for an individual to work due to discrimination, harassment, or any unwelcome conduct.

Lower Power

Individuals or groups within a hierarchy that have minimal authority or influence over decision-making processes.