1. One of the central questions that society must answer regarding medical care is:
a. What is the optimal mix of medical care expenses?
b. Should funding be increased?
c. Should funding be tied to medical results?
d. To what extent should funding be decreased?
e. Should health insurance companies be abolished?
2. Most state lotteries:
a. have positive expected values.
b. have negative expected values.
c. have expected values equal to zero.
d. do not have expected values because state lotteries are not games of chance.
e. do not have expected values because most state lotteries are operated by government agencies.
3. Which of the following activities involve Mary playing a game of chance?
a. Mary works eight hours at Dairy Queen and earns a total of $60.
b. Mary spends $250 on a used video game console.
c. Mary wins a $1,000 Visa gift card in a competitive food-eating competition.
d. Mary wins a $500 prize in a business-plan competition.
e. Mary deposits $5 in a slot machine and does not win anything.
4. Which of the following is an example of a game of chance?
a. Jeremiah plays basketball with his girlfriend.
b. Joan works eight hours at Taco Bell.
c. Jacqueline buys a lottery ticket.
d. John runs in a marathon.
e. Jalisha purchases salsa dancing shoes