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Economists sometimes shock noneconomists by stating that they do not favor the complete elimination of pollution. Explain the rationale for this position.
Business Economics, Economics
How do bribery and corruption influence the economy negatively? Answer and explain three major impacts.
Event A occurs with probability 0.4. If events A and B are not disjoint, then a P(B) b P(B) ≥ 0.6. c P(B) > 0.6. d P(B) Step 1:You are tossing a balanced die that has probability of coming up 1 on each toss. Tosses are i ...
Does importation of foreign prescription drugs make sense and should it be allowed? For what reason should the importation of prescription drugs be denied? Are the pros and cons connected, what is better for the public?
Would it ever be rational for a firm to retain an employee whose current marginal revenue product is less than her current wage? Explain.
The mean distance commuters drove to work each day was estimated to be 40.8 miles from a sample of 45 commuters. The sample standard deviation was 5.8 miles. Assume that the distance commuters drive to work each day are ...
Suppose there is no inflation and an insurance company offers a contract that would pay $500,000 with certainty 50 years from now. What is the most that this contract would be worth today if: 1. The rate of interest is 7 ...
15-18 years 4 19-22 years 5 23-26 years 6 27-30 years 9 31-34 years 2 35-38 years 7 Based on the frequency distribution above, find the relative frequency for the class 15-18. Relative Frequency = % Give your answer ...
The number of times that a person contracts a cold in a given year is a Poisson random variable with parameter λ=6 . However a new drug has just been marketed that reduces the Poisson parameter to λ=3 for 35 % the popula ...
You have a part-time job at the library that pays $10 per hour, 4 hours per day on Saturdays and Sundays. Some friends want you to join them on a weekend ski trip leaving Friday night and returning Monday morning. They e ...
If all countries eliminated all barriers to immigration, would global economic growth increase? Why or why not?
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As