Explain why insurance has been beneficial to markets
What will be an ideal response?
Insurance reduces the risk of entrepreneurs.
Economics
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The difference in present value between a perpetuity that promised $1 per year starting today and one that promised $1 per year starting next year is
a. 0. b. $1. c. $1/(1 + r). d. $r/(1 + r).
Economics
The aggregate supply curve would shift downward if
a. unit costs increase due to an increase in output b. the wage rate increases c. good weather increases crop yields d. an increase in real GDP causes the price level to decrease e. an oil embargo causes world oil prices to rise
Economics