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The cost of insuring a building is £520 in a particular year.
The following year, the cost of insurance per £10,000 insured increases by 4%.
Also, the insured value of the building increases by 5%.
Calculate the new cost of insuring the building.
1. Insurance that costs £440 per annum if paid in a single payment, costs £38.50 per month if paid in 12 equal monthly installments.
Calculate:
2. the additional annual cost if paying by monthly installments
3. the additional annual cost as a percentage of the single payment cost.
Coimpute how much the shortage or surplus is if there is any.
Use the average rate of return method of investment appraisal to advise which project is the better investment.
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Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange.
Identify also describe three trade restrictions. In your opinion, which method of restricting trade is the most efficient.
Assume that the input price increases from $2 to $3 with no accompanying change in productivity. What is the new per-unit cost of production. In what direction would the $1 increase in input price push the economy's aggregate supply curve.
you have been hired by a new firm selling electronic dog feeders. your client has asked you to gather some data on the
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Nowadays, China drives the global economy. So if the trade barrier is reduced, the Chinese economy will go down and affects the economy of the whole world. Do you agree or disagree with this argument?
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