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Let x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims. Suppose a random sample of employees gave the following information.
x28143273
y5045352816
Given that the value of r is -0.949, should y increase as x increases, does the value of r imply that y should tend to increase, decrease, or remain the same? Explain.
Why do you think that approximately one-sixth of the world's population has not experienced much substantive economic growth over the past 30 years?
Discuss whether the above scenario complies with all the requirements for the formation of a valid contract?
Smith is given a voucher that can be spent only on textbooks. Smith has a budget constraint with textbooks measured along the horizontal axis and everything else on the vertical axis. Suppose everything else is comprised only of normal goods. Then:
Referring to expanse on of intra-industry trade and provide critical evaluation (benefits and costs) of FDI incentives on production structure and on development of a host country in Asia in terms of employment and income generation. Comment on the r..
The table below shows information on demand and supply for boxes of 1 dozen water glasses. The lobbyists for the water glass producers persuade the government to establish a price floor of $48 per box. Sketch a diagram of the market for water glasses..
Suppose sellers of liquor are required to send $1.00 to the government for every bottle of liquor they sell. Further, suppose this tax causes the price paid by buyers of liquor to rise by $0.60 per bottle. Elucidate which of the following statemen..
Explain this result in terms of the example in the question above. How might things change if the border were open, with no restrictions on immigration?
Which of the following deals with asymmetry of information?
Assume that Consumption decreases by $25 million, Investment increases by $10 million, Government Purchases increase by $60 million, Exports decrease by $30 million and Imports decrease by $55 million. What is the net change in GDP in $million?
With the current level of capital is the marginal product for capital 0,12. The rate of depreciation is 6%, the nominal interest rate of a company loan is 8% and the expected rate of inflation is 3%. Should the company increase its level of capital? ..
One of the central questions that society must answer regarding medical care is: Should funding be increased? Should funding be tied to medical results? Should funding be reallocated away from end-of-life care and applied toward prevention and medica..
Describe two examples of how either black slaves or white abolitionists used literature or the visual arts as a form of protest against slavery.
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