Exhibit 2-8

question 6

Multiple Choice

Exhibit 2-8.Consider the following frequency distribution. Refer to Exhibit 2-8.What proportion of the observations are less than 21?

• A)0.30
• B)0.60
• C)0.90

Understand the relationship between human capital and technological progress.

Grasp the dynamics of labor supply curves including the backward-bending curve.

Recognize the factors that influence income distribution within an economy.

Understand the components included in the factor of production, capital.

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Definitions:

Aerobic Exercise

Physical activity that improves cardiovascular health by increasing the heart rate and oxygen intake for a prolonged period.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome.

Body Mass Index (BMI)

A measure of body fat based on height and weight that applies to adult men and women.

Overweight

Having more body fat than is optimally healthy, considered as having a body mass index (BMI) over 25.