Economic profit equals NOPAY plus capital charges
Indicate whether the statement is true or false
False
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Insurance companies
A) pool risk and thereby lower people's utility. B) can earn a profit only if people are risk neutral. C) can increase risk averse people's utility. D) try to shift their customers' utility of wealth curves downward.
What types of things are sold in input or factor markets? Who are the buyers and sellers in these markets?
What will be an ideal response?
What are three things to measure for in evaluating the performance of the capital markets?
A) level of intertemporal trade, international trade, portfolio diversification B) level of portfolio diversification, balanced capital accounts, global inflation C) level of portfolio diversification, intertemporal trade, efficiency of foreign exchange D) onshore-offshore interest rate parity, level of portfolio diversification, stability of eurocurrency market E) onshore-offshore interest rate parity, interest parity and foreign exchange, balanced capital accounts
Total spending by all levels of government in the United States in 2012 amounted to roughly ________ per person
A) $20,000 B) $2,000 C) $200,000 D) $200