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Creation of an Activity Diagram
A car rental company owner calls a car insurance company. The owner gives her insurance policy number to the insurance clerk, who enters this information into the system to make sure the policy is still valid and the premium has been paid. The owner then provides information about each car to be added: the model, year of manufacture, and vehicle identification number. The clerk enters that information into the system to check its validity.The owner selects the type of insurance coverage and the amount for each type of car. The clerk enters the selected coverage information, and the system validates the amount for the selected policy. The system also validates and provides a total of the coverage for other cars on the same policy. The owner provides the identity of drivers and the time they would drive a particular car. The system updates the policy, calculates the new premium amounts, and sends the information oon the updated policy in an e-mail to the owner.
Based on this information, perform the following tasks:
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Important information regarding calculating elasticity for each of the given variables
Suppose you know that Canada's GDP in 1999 was $900 billion, and Canada's GDP in 1933 was $9 billion. What judgment about the change in the economic well-being of average Canadians could you make? Explain.
In a closed economy, consumers spend $100 regardless of the level of income, the marginal propensity to consume is .8. Investment is equal to $200. The government spends $500 dollars and collects $150 dollars in taxes.
A car rental company owner calls a car insurance company. The owner gives her insurance policy number to the insurance clerk, who enters this information into the system to make sure the policy is still valid and the premium has been paid.
Discuss the options available to the government when trying to offset a recession by stimulating the economy. Consider both fiscal and monetary policies. What are the pros and cons of different policy measures.
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner
Explain: “Unemployment can be caused by a decrease of aggregate demand or a decrease of aggregate supply.” In each case, specify the price-level outcomes.
Sam arrived on campus at the beginning of the academic year with $480 to spend on textbooks and CDs. The price of a textbook is uniformly $80 and the price of a CD is always $20. Her parents made a deal with her - after Sam spends $240 of her own ..
Explain how the locations of each of the four curves graphed in question 7b would be altered if (1) total fixed cost had been $100 rather than $60, and (2) total variable cost had been $10 less at each level of output.
In a recent speech, the governor of your state announced: "One of the biggest causes of juvenile delinquency in this state is the high unemployment among 16 to 19 year olds. The low wages offered by employers in the state have given fewer teenager..
The Federal Reserve was established in 1913 and is, therefore, a “creature of Congress.” The President of the United States nominates members of the Board of Governors of the Federal Reserve, subject to confirmation by the Senate. However, the Federa..
In the particular assignment due this week, students explore the reasons behind regulating banks also how that regulation relates.
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