After a recent spike in violent crime, the local police department wants to spend $550,000 on a new crime fighting initiative. If a human life is worth $9 million, the crime fighting initiative is worth the cost if it reduces the risk of someone dying from crime by at least
a. 3.5 percentage points.
b. 5.5 percentage points.
c. 6.1 percentage points.
d. 9.0 percentage points.
c
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An income statement shows a firm's revenue, costs, and profit
A) since the firm has been in operation. B) for the firm's fiscal year. C) only if the firm is earning an accounting profit. D) for a particular day.
Why did some economists and policymakers criticize the Fed and Treasury for arranging the sale of Bear Stearns to JP Morgan Chase in 2008?
What will be an ideal response?
Sometimes ignoring that money is fungible can be:
A. useful and help someone stay on budget. B. irrational and lead to costly decisions. C. Both of these are true. D. Neither of these is true.
The Federal Reserve conducts monetary policy
Indicate whether the statement is true or false