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An equity analyst claims to be able to predict which of a set of stocks will gain the most in the coming year. He is given a list of ten stocks, and asked to predict, in order, the top three. What is the probability of getting the top three right, in order, by chance? (That is, assume that he in fact has no useful knowledge to bring to bear on this question, so that any stock is as likely as any other to get randomly picked for any place in his top three.)
Show two different ways to get this answer.
What factors do you think are responsible for Africa’s slow economic development? What can the multinationals do to help?
During a recession, consumers may want to save more to provide themselves with a reserve to cushion possible job losses. Use the Keynesian cross model to describe the impact of an exogenous decrease in consumption (i.e. a decrease in current C not du..
The price index in the first year is 125, in the second year is 150, and in the third year is 200. What is the inflation rate between the first and second year and between the second and third year?
Suppose that U.S. consumption spending is ?$12.1 trillion, gross private domestic investment is ?$2.3 ?trillion, government spending
Describe some of the reasons why supply changes. Improved technology typically results in lower prices for most products
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What are the three shifts of some basic features of MNEs business strategies today
It is true that a stable economy occurs when. The measure of income received by persons from all sources is known as. The best measure of a change in the standard of living is the change in. The operation of the total economy can best be demonstrated..
Which policy in the box below would be one that a Keynesian economist might suggest to the government in order to help the economy reach full employment? Show the effects in the graph below if the economy successfully reaches full employment.
1. List down the basic functions of management
An industry which has no barriers to entry, no product promotion strategy, a standardized product, and a very large number of firms operating within it, is said to have:
Assume the supply function for good X can be written as Qs = -100 + 27Px - 5Py - 1.8W, where px=the price of x, Py=the price of good y, and w = wage index for workers in industry x. According to this equation: 1. each one unit increase in price cause..
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