The Two Words Economists Use Most Often Are

question 3

Multiple Choice

The two words economists use most often are

• A)inflation and trade.
• B)supply and demand.
• C)competition and prices.
• D)markets and equilibrium.

---

Definitions:

Flipping Three Quarters

A probabilistic experiment involving tossing three quarters and analyzing the outcomes, typically related to studying probability distributions.

Probabilities

Measures the likelihood or chance of various outcomes in a set of circumstances or an experiment.

Probability Mass Function

A mathematical operation that determines the likelihood that a specific discrete random variable matches a particular value exactly.

Outcome

The result or final consequence of a sequence of actions or events.