If a meat packing plant has 30 employees, each employee has a 1 in 90 chance of getting injured on the job, and the cost of treating a job-related injury is $18,000, then the annual cost per injury for each employee is
A) $6.67.
B) $200.
C) $600.
D) $6,000.
B
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Credit cards are i. a generally accepted form of payment and therefore part of M1. ii. included in M1 because you write a check to pay your monthly bill. iii. a means of borrowing money
A) i only B) ii only C) iii only D) i and ii E) i and iii
If the Fed reduces the money supply, banks will often initially have
a. more reserves than they are required to hold b. excess reserves c. increased demand deposits d. fewer loans than normal e. deficient reserves
Which of the following is a characteristic of a perfectly competitive market?
A. a large number of firms in a market B. selling a standardized product C. no barriers to entry D. All of these
Consider a small open economy with desired national saving of Sd = 20 + 200rw and desired investment of Id = 30 - 200rw.Calculate national saving, investment, and the current account balance in equilibrium when the real world interest rate is(a)rw = 0.025.(b)rw = 0.05.(c)rw = 0.0.(d)Now suppose something causes desired national saving to increase by 10, so that it is now Sd = 30 + 200rw. Repeat parts (a), (b), and (c).(e)Suppose, with desired national saving at its original level of Sd = 20 + 200rw, something causes desired investment to rise by 10, to Id = 40 - 200rw. Repeat parts (a), (b), and (c).
What will be an ideal response?