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Average spending is $2,560. Those with a family history of cancer (4% of the population) spend $40,000 on average, and those with no family history (96% of the population) spend $1,000. Which of the following statements are true?
You buy insurance because it protects you from the risk of high spending
You buy coverage because your expected loss is larger than the premium
You don't buy coverage because your expected loss is smaller than the premium
You are indifferent because your expected loss is $2,560
illustrate what constitutes a perfectly competitive marketplace structure. Support your argument with empirical evidence wherever possible.
What factors led to the mortgage default crisis? How did mortgage defaults affect banks involved in mortgage lending and mortgage investing? Securitization? TARP? What do these mean? What are some of the major provisions of the Wall Street Reform and..
If the Fed wants to leave the US money supply unchanged by the foreign exchange market intervention, how will they conduct a sterilized intervention?
q.in the standard keynesian framework in open economy macroeconomics the supply is assumed to be perfectly elastic and
Gene has the following utility function: U = XY + 2Y, the Px = $4, the Py = $1 and I=$6. What is the slope of the budget constraint? Find Gene’s MRSx,y. Is the MRSx,y increasing, decreasing, or constant with respect to X?
q.your bike is worth 200 and if you park it outside on campus there is a 10 chance that it will be stolen.a. what is
What are two ways that economists have tried to quantify the value of non-market work so that it can be added to GDP to produce a more inclusive measure of economic activity?
You borrow 25,000$ from a bank to be repaid in quarterly instalments. If the interest rate is 7% quarterly, what is your quarterly payment?
The current inflation rate in Iran is roughly 23% per year (because of economic mismanagement and UN sanctions). How should a prudent Iranian invest a large sum of rials today to preserve/grow its future value?
According to the law of increasing opportunity cost,
Describe the Harrod-Domar growth model, and explain precisely how the model illustrates dynamic instability. Why is it often called the knife’s edge model?
In this discussion, you will compare and contrast monetary and fiscal policies. Consider two recent national crisis points: 9/11 and the banking failures of 2008. Was fiscal or monetary policy more immediately responsive to each crisis? Why? Was fisc..
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