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Question: Why is health insurance important? What is the role of health insurance?
If consumer incomes go up, which of the following is initially most likely? a an upward movement along the demand curve for cars b a downward movement along the demand curve for cars c a rightward shift in the demand curve for cars d a leftward shift..
If you were boarded on an airplane that had already started taxing for takeoff when the plane suddenly stopped and turned around and the passengers were told to exit immediately because the airplane had gone out of business, and they were left str..
The mean hourly wage for employees in goods-producing industries is currently $24.57. Suppose we take a sample of employees from the manufacturing industry to see if the mean hourly wage differs from the reported mean of $24.57 for goods-producing in..
A portfolio has an expected annual return of 15.7 percent and a standard deviation of 19.6 percent. What is the smallest expected loss over the next calendar quarter given a probability of 1 percent?
Some city governments require that all city employees live within the city limits. What impact does this have on the elasticity of supply and or demand for employees of a city with such a requirement?
Consider the market for peanut butter. If there is an increase in the price of bread ( a complement for peanut butter) along with a drought in peanut growing areas, the
Americans consume about 375 billions gallons of gasoline every day, and the corresponding price-demand equation was estimated to be x=f(p)=675-75p. Use E(p), the Elasticity of Demand to determine the price interval over which raising the price of gas..
Lin Corporation has a single product whose selling price is $140 and whose variable expense is $70 per unit. The company’s monthly fixed expense is $32,250. Using the equation method, determine for the unit sales that are required to earn a target pr..
Suppose that the Government wants to augment the level of national savings in the economy and institutes a policy to reward savings behavior. Hence, borrowers face a real interest r as always, but lenders receive r(1+s) on their savings, where ‘s’ is..
What fraction x of your money should you invest in risky asset in order to maximize your utility. What happens if A is large.
Could not Ethiopia become a world class producer and exporter of goods? How would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the tw..
Should society attempt to equalize income or economic opportunities? Are the issues of equity and equality in the distribution of income synonymous? To what degree, if any, is income inequality equitable?
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