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If the tort system were deemed a method of social insurance rather than one of deterrence of uneconomical accidents, would awards in tort cases be on average higher or lower than under the deterrence rationale? (Using the perspective of economics)
Assume that before the price of X2 fell, Fred had exchanged all of his inheritance of X1 and X2 for money, planning to use the money to finance his purchases later, explain how much of X1 & X2 will Fred consume after P2 fell to 1.
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
In general, large current account deficits have to finance by:
Explain how income distribution is measured and discuss its effects. How income distribution is measured using a Gini coefficient? Is a less equal distribution of income good or bad for a country’s economic growth?
Assume that you are considering a 7-night vacation to Fort Walton Beach, Florida, in March. You estimate the total cost of the trip to Fort Walton Beach at $1,250, including discounted airfare. However, a resort at Myrtle Beach, South Carolina, is of..
q.a friend of yours is considering two cell phones service providers. provider a charges 120 per month for the service
What is the best definition of the basket of goods and services included in the consumer price index?
You had been offered a full time job with a salary of $80,000 per year. You are currently running your own small business with annual revenue of $150,000 and accountant costs of $60,000. Would you accept the job or continue with your own business? Wh..
Mention three businesses that you are familiar with or that you have dealt with recently. Decide on which market structure that these businesses fit – perfect competition, monopolistic competition, oligopoly, or monopoly. What characteristics were mo..
He is fouled attempting a three-point shot and is awarded three free throws. Assuming each free throw is independent, what is the probability that he makes at least two of the free throws?
Assume that a country produces an output Q of 50 every year. The world interest rate is 10%. Consumption C is 50 every year, and I = G = 0. There is an unexpected drop in output in year 0, so output falls to 39 and is then expected to return to 50 in..
Business-to-Business e-commerce (e-B2B) is the electronic transactions conducted between businesses. Compare and contrast the various e-B2B models, types of B2B transactions, and B2B partnerships.
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