The value of 
used in the figure below is 0.02. 
Definitions:
Political Economy
An interdisciplinary branch that studies the relationships between individuals, governments, and public policy, focusing on the economic implications of political actions.
Adam Smith
A Scottish economist, philosopher, and author known for his theories on free market economics presented in his book "The Wealth of Nations."
Invisible Hand
A metaphor introduced by economist Adam Smith to describe the self-regulating behavior of the marketplace, where individuals acting in their own self-interest inadvertently benefit society at large.
Petty Bourgeoisie
Class of small business owners and employees who own some means of production but do not exploit large labor forces, often seen as part of the middle class.
Q6: Simulation techniques go back to ancient times
Q26: On an eight-question true-false quiz, a student
Q28: For the following data, construct a graph
Q31: Compute the probability of X successes.<br>N =
Q32: State whether the null hypothesis should be
Q46: If 1.5% of the bolts made by
Q57: The average hourly wage of workers at
Q63: How many possible outcomes would there be
Q81: (Scenario II) The authors of Scenario II
Q123: List and describe two characteristics of a