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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.
Last week, Cal sold an average of 4,000 gallons per day at an average price of $2.658 per gallon. This week, he raised the average price to $2.758 per gallon.
How does an increase of income affect spending on necessities and luxuries?
Illustrate how the Linder theory of trade works. Explain similarities and/or differences between the Linder model and Heckscher-Ohlin model.
What is the duopoly Cournot equilibrium - that is, the quantities produced by each firm - if the market demand function is q(p) = 1000 - 1000p, and each firm has a cost of $0.28 per unit?
A friend of yours suggests a get-rich-quick scheme: borrow from the nation with the lower nominal interest rate, invest in the nation with the higher nominal interest rate, and profit from the interest-rate differential. Which of the following statem..
A key skill to develop for creative and innovative thinking is the ability to effectively integrate different, even opposing, points-of-view into a unified, coherent understanding. Compare and contrast the overall messages of the different authors,
A US automobile factory uses $100,000 worth of parts purchased from foreign countries along with U.S. inputs to produce 30 cars worth $20,000 each. Twenty of these cars are sold and 10 are left in inventory. How much did these actions add to GDP?
What is happening to the value of the U.S. dollar these days? What causes the value of the U.S. dollar to rise or fall? Who demands U.S. dollar? Who supplies U.S. dollar? How can the falling U.S. dollar impact your travel expenses? Why would a cheap ..
Suppose for the soybean oil market in costa rica the demand equation is P=20-0.4QD and the supply demand is P=8=0.6QS the price for the oil is $13
What is the total amount of pesos she has to save today to pay for her trip? Please provide the complete solution of this problem.
Illustrate what is the value of goods and services purchased by the government of Numidia.
Illustrate what was the growth rate of the GDP deflator between 1999 and 2000.
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