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The Croatian Army recruits its officer corps from the Croatian Universities. To be admitted to the Officer Candidate School (OCS), the college graduate must score in the top 85% of all those taking the exam. Last year the mean exam score was 82, with a standard deviation of 8. Exam scores were normally distributed. What should the minimum passing score be set at to admit only the top 78%?
If real income in a country falls, then the demand for money will ____________ , leading to a ________ in the interest rate and a ____________ of the currency.
Suppose that quarterly consumption in dollars (CONS) is a linear function of the amount of disposable income in dollars (YDISP) with a two-order lag: What is the effect of a permanent increase in YDISP of 1000 on the long-run average of CONS?
What action can the federal reserve take to reduce unemployment? What is the primary tool used by the federal reserve to accomplish the action you listed in part A? Explain, in detail how this tool works.
A trader buys a 3-month call option contract on 100 shares of a stock with strike price $40. Which of the following statement is correct if the options are held until the end?
Suppose there is a two-person and two goods pure exchange economy in which both persons have the same, strictly convex utility function and their utilities are increasing in their consumption of both goods . Would an allocation where one person has a..
Fisher's utility function for trout (T) and salmon (S) is given by U = ST, where the MUT = S and MUs = T. Which set of consumption bundles lies on the same indifference curve?
What are the three main issues that face correction professionals on a regular basis and what are the best responses to these issues?
How do governments have the money to award so many students with federal aid? Does it contribute to America's debt?
When a firm uses debt in its capital structure, it is referred to as a leveraged firm and this concept is referred to as financial leverage. Operating leverage refers to a firm's fixed costs of production. The higher the fixed costs, the greater the ..
The first cost of the production facilities will be $225K. Salvage values will about equal removal costs after production is terminated.
Which theory of the yield curve is an extension or modification of the pure expectations hypothesis? Which theory is an extension or modification of the market segmentation hypothesis?
Will the offering need to be registered with the Securities and Exchange Commission (SEC) under the Securities Act of 1933? Explain. Does your answer differ if "Shares in Learning" are issued by Private College, a proprietary for-profit institution t..
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