Determines cost of homeowners insurance

Assignment Help Business Economics
Reference no: EM131166312

One of the factors that determines cost of Homeowners insurance is location. Many areas of our country are exposed to severe weather, such as hurricanes, tornadoes, etc. Should the governments in those areas increase their responsibility for helping those that suffer from severe weather losses? Explain why, or why not.

Reference no: EM131166312

Questions Cloud

Public policy evaluation : Dye (2010) stated “Policies that solve the problems of one group in society may create problems for other groups.” Present one policy specifically targeted towards one group in society that created issues for other groups.
Which surveys are mandated and which are voluntary : The regulatory agencies, JCAHO, CMS, and State Departments of Health all survey (inspect) hospitals and medical facilities. How may these processes improve quality in care? Which surveys are mandated and which are voluntary? Why would a facility choo..
What price–quantity combination maximizes your firms profit : You are the manager of a monopoly, and your demand and cost functions are given by P = 200 – 2Q and C(Q) = 2,000 + 3Q2, respectively. What price–quantity combination maximizes your firm’s profits? Is demand elastic, inelastic, or unit elastic at the ..
Competition because it lowers prices and increases supply : As consumers we loke competition because it lowers prices and increases supply. Many products and services we use started out with limited choices and high prices. What is an example you can think of where more competition has brought you more choice..
Determines cost of homeowners insurance : One of the factors that determines cost of Homeowners insurance is location. Many areas of our country are exposed to severe weather, such as hurricanes, tornadoes, etc. Should the governments in those areas increase their responsibility for helping ..
What type of recession or economic expansion is present : Suppose the following table illustrates the values of actual and potential Real GDP, and the price level if the Fed does not vote to change their current policy to be more contractionary or expansionary. What problem occurs in the economy in year 200..
The short-term nominal interest rates : Suppose the current money supply is $6,000. The required reserve ratio is 0.2. The Fed wants to increase the money supply by $600. Determine the following: All underlying work must be shown. What open market operation the Fed would have to take to ac..
What happens to the money supply in the economy : Suppose that Albert finds $2,000 in change in his couch that he deposits into his checking account at Bank A. How much can the Bank A lend safely? Why? What is the value of simple money multiplier? What does it tell us? What will be the maximum chang..
Monetary policy is used to eliminate the economy problem : The Recession of 1990-91 The story of the 1990-91recession begins in mid-1990, when Iraq invaded Kuwait, a major oil producer. During this conflict, Kuwait’s oil was taken off the world market, and so was Iraq’s. The reduction in oil supplies resulte..

Reviews

Write a Review

Business Economics Questions & Answers

  Representative households choose consumption

Consider an intertemporal model in which representative households choose consumption, c(subscript t+1) and two types of bonds b(subscript 1,t+1) and b(subscript 2,t+1) to maximize their utility over time, prices are perfectly flexible, and all marke..

  What is budget deficit and how is related to government debt

What is budget deficit and how is it related to Government debt? What is cyclical adjustment to deficit and how does it help to understand the stance of fiscal policy? What is crowding out? How does budget deficit crowd out investment? Why a high lev..

  An investor projects that the dividend will increase

A company will pay a dividend of $3 per share in one year's time. An investor projects that the dividend will increase at an annual rate of 5% and that he will be able to sell the stock for $50 in five years time. What maximum price should he pay for..

  Calculating mpc in one year

Calculating MPC, In one year, a consumer's income increase by $400 and her consumption increases by $120. Her marginal propensity to consume is equal to.

  How much is consumer surplus

Suppose demand for a good is QD = 50 - P and supply is QS = -10 + P. How much is the producer surplus? How much is consumer surplus?

  Forecast the unemployment rate

The price level in the economy in 2007 and 2008 rose from 100 to 105. In 2008 and 2009, the price level increase from 105 to 110.25. How does the short-run Phillips curve forecast the unemployment rate will change as a result?

  Decided to change how she compensated her top manager

Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $55,000 and her store made $115,000 in profits (not counting payment to her top manager). She suspected t..

  Long-run total cost

Long-run total cost Select one: a. is tangent to short-run total cost when short-run total cost is at its minimum. b. represents the lowest possible cost of producing a given level of output. c. All of the answers are correct. d. is always equal to o..

  Is employer-based insurance unraveling

Medical costs are once again rising rapidly, forcing health care back into political prominence. This issue direct affects you as a student, family member, employer, and/or employee. The problem of medical costs is so pervasive that it underlies thre..

  The marginal benefit of the first bottle

It is a hot day at the beach. Ice water costs $2 per bottle and this is your only option. Your marginal benefit for water follows the equation MB = $10 - $x. x is represents the number of bottles of ice water you have had. So, for example, the margin..

  Find the minimum-cost purchase quantity

A foundry uses 3,600 tons of pig iron per year at a constant rate. The cost per ton delivered to the foundry is $145. It costs $92 to place an order and $18 per ton per year for storage. Find the minimum-cost purchase quantity.

  Capitalism faces its challenge

Use “John Maynard Keynes – capitalism faces its challenge,” in Big Three in Economics by Skousen as your resource to answer the following questions: What was the economic context in which Keynes was writing? How did that affect his economic views?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd