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When people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring is called a _____________________ .
risk
hazard risk
moral hazard
moral risk
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
Describe the balance of fixed and variable costs for the organization. How can the organization use technology to change this balance for an advantage.
q1. compare and contrast inflation and deflation. what are some of the damaging effects that each has on an economy?
Assume Doughnuts R Us chooses to produce 150 doughnuts. What is the number of doughnut shops in the market.
If the current minimum wage is $7.50 an hour, there are 10 million workers who earn the minimum wage, and the elasticity of demand for low skilled labor is -0.2.
Calculate the sum of real assets and financial assets and total assets of the household.
If the average worker produces $80,000 of GDP, explain by how much will GDP increase if there are 150 million labor-force participants and the unemployment rate drops from 5.2 to 4.5 percent.
Management predicts that if the strike is successful the cost of worker will increase to $100 per day.
Assuming that price elasticity of demand for this of kind candy is - 1.5, determine if the price CCS charges for its special candy is a profit-maximizing price. If it is not, what price should it charge?
Classify the following Wall Street Journal articles as involving macroeconomic or microeconomic issues based on their titles:
What happens to the aggregate quantity demanded in nominal terms over this interval? Using the formula for price elasticity of demand what is the elasticity of aggregate demand over this interval?
Analyze the current macro economic situation and discuss changes in economic, financial and international conditions in the near future.
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