Scatterbrain Samantha often forgets to lock her house. This has caused the probability of a burglary to be 30%. If her house gets broken into, she faces a property loss of $10,000, otherwise she gets to keep her $100,000 . What is her expected loss?
a. $3000
b. $10,000
c. $30,000
d. $100,000
a
Economics
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Once supply side effects are taken into account, tax cuts for labor income can change
i. the supply of labor. ii. potential GDP. iii. the growth rate of potential GDP. A) iii only B) ii only C) i only D) i and ii E) i and iii
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If the interest rate is 11%, $1500 received at the end of 12 years is worth how much today?
a. 1500(1+0.11)^12 b. 1500/(1 +0 .11)^12 c. 1500/(1 + 11)^12 d. 1500
Economics