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In an experiment, participants were told of a previously unknown tribe living on a Pacific island. Only one member of this tribe had been observed so far, and he was found to be obese. When asked how likely it was that all members of the tribe were obese, participants were unwilling to extrapolate this information. This shows that participants
Employed Wage
The compensation or earnings received by an individual in exchange for performing work or services as an employee.
Salary Workers
Employees who are paid a fixed amount of money or salary, rather than being paid hourly.
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The measure of efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.
Efficiency
The extent to which resources are used in the best possible way to produce goods and services.
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Q61: Which of the following is NOT a