There Is a Huge Pile of Buttons in Which 28

question 2

Multiple Choice

There is a huge pile of buttons in which 28% are black,14% are blue,20% are orange,22% are white,and the rest are clear.You close your eyes,choose a button at random,write down what colour it is,and then put it back in the pile.What is the probability that the third button you choose is the first one that's clear?

• A)0.004
• B)0.022
• C)0.113
• D)0.593
• E)0.141

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Definitions:

Money Supply

The total amount of money available in an economy, including cash, coins, and balances held in checking and savings accounts.

Classical Economists

Economists from the late 18th and early 19th centuries who focused on the role of free markets in promoting economic growth and wealth distribution.

Fiscal Policy

Fiscal policy involves the use of government spending and tax policies to influence economic conditions, including aggregate demand, employment, and inflation.

Investment Swings

Refers to the fluctuations in investment spending on business capital goods, which can be influenced by interest rates, business confidence, and economic conditions.