Recurrent flooding in Bangladesh is causing the land area of the country to shrink. In what ways might environmental mismanagement play a role in explaining this phenomenon?
What will be an ideal response?
Depends on lecture coverage.
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The Who-Needs-A-Doctor? Company makes a do-it-yourself rhinoplasty kit. The company is deciding whether to include a safety feature that would cost $40 for each kit
The company estimates the probability of death without the safety feature is 1/10,000 and the death cost per kit is $50. Based on this information, answer the following questions: a. What is the value the company has placed on a life? b. What is the company's cost-benefit recommendation? c. If the company has overestimated the probability of death and the true probability of death is 1/15,000, what is the true death cost per rhinoplasty kit? d. If the company has overestimated the probability of death and the true probability of death is 1/15,000, what would the true cost-benefit recommendation be for the company? e. If the company has correctly estimated the probability of death but has underestimated by one-half the true value of a life, what is the true death cost per rhinoplasty kit? f. If the company has correctly estimated the probability of death but has underestimated by one-half the true value of a life, what would the true cost-benefit recommendation be for the company?
The Beveridge curve is
A) a positive relationship between unemployment and the inflation rate. B) a positive relationship between the government deficit and aggregate output. C) a negative relationship between the vacancy rate and the unemployment rate. D) a positive relationship between the inflation rate and the nominal interest rate.
In the context of stock markets, “the tail wags the dog” means that a failure of the stock market can drag down the entire economy.
Answer the following statement true (T) or false (F)
Economic rents can lead to large wage differentials.
Answer the following statement true (T) or false (F)