Which of the following would an economist classify as capital?
a. 100 shares of Microsoft stock
b. a $50 bill
c. a credit card
d. a lawyer's personal computer
e. a bauxite mine in Jamaica
D
Economics
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The U.S. exports computers with a domestic price of $100,000 and the yen/dollar exchange rate is 120 on January 1, 2003. On January 1, 2004 the yen/dollar exchange rate is 125
What is the yen price of the computers on January 1, 2003? What is the yen price of the computers on January 1, 2004?
Economics
Natasha is going to buy a risky asset that has an expected value of $62, which yields an expected utility of 146. Equivalently, she could get utility of 146 from a certainty equivalent of $43. What is Natasha's risk premium?
A) $19 B) $43 C) $103 D) $105
Economics