Courts generally use the ________ when determining the value of human life in wrongful death suits
A) compensating differential approach
B) actuarial approach
C) lost-income approach
D) sentimental approach
C
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Marginal product equals
A) the total product produced by a certain amount of labor. B) the change in total product that results from a one-unit increase in the quantity of labor employed. C) total product divided by the quantity of labor. D) the amount of labor needed to produce an increase in production. E) total product minus the quantity of labor.
A lender who is worried that its cost of funds might rise during the term of a loan it has made can hedge against this rise by
A) buying futures contracts on Treasury bills. B) selling futures contracts on Treasury bills. C) buying call options on Treasury bills. D) increasing the amount of money which it lends.
A VAR with five variables, 4 lags and constant terms for each equation will have a total of
A) 21 coefficients. B) 100 coefficients. C) 105 coefficients. D) 84 coefficients.
A solution to the budget-gaming problem is
a. Remove all kinks from the compensation schedule b. Use a target based pay function with each target scoring greater return c. Base compensations on meeting particular budget goals d. All of the above