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You are considering an annuity which costs £50,000 today. The annuity pays £3,000 a year. The rate of return is 3.39%. What is the length of the annuity time period.
Hamilton answers potential objections to the national court system in the US Constitution. Critics offer three objections to the proposed court system, what are they? How does Hamilton counter the objection that judges are nominated by the President ..
When the nominal rate changed the real rate usually moved in the same direction and that this “is what Taylor’s Principle requires”. Explain why it is that Taylor’s Principle requires that every time a central bank changed the nominal rate it does th..
The goods are consumed by the buyers who value them most highly. The goods are produced by the producers with the lowest costs. Use a supply/demand diagram of market with binding price ceiling and a supply/demand diagram of market with binding price..
What is the dollar value of the invoices in exercise 13 if the dollar: a. depreciates 10 percent against the Australian dollar b. appreciates 10 percent against the British pound
The benefits of implementing dynamic pricing (or time-varying price) in electricity markets - Determine the equilibrium price and quantity for off-peak and peak periods if two different prices in both periods are allowed.
Increasingly patients are creating and maintaining personal health records (PHRs) with data from a variety of healthcare providers as well as data.
Suppose that you own a car wash and that its total cost fuction is: C= 20 + 2Q + .3Q^2, where C = total cost (in dollars) per hour and Q is the number of cars washed per hour. You receive 5 dollars for each car washed. What is the maximum profit that..
Suppose for every dollar change in household wealth, consumption expenditures change by $0.05. If real household wealth declines by $45 billion, potential GDP is $120 billion, and the multiplier effect for the first year after an expenditure shock is..
Welfare Economics: main economic goals of a political-economic system are to promote efficiency (static and dynamic), equity, and macroeconomic stability. Under what conditions will a free market meet these goals? Identify a violation of these condit..
What are the basic elements of health insurance? Define and discuss these elements. For example, what are risk and uncertainty and why are they important concepts in health insurance? What are the benefits and drawbacks to having employers as the pri..
Explain why she should buy more lipstick or more eye shadow. Elucidate how your calculations also then elucidate your answer.
The government often intervenes when private markets fail to provide an optimal level of certain goods and services. For example, the government imposes an excise tax on gasoline to account for the negative externality that drivers impose on one anot..
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