Refer to Scenario 17.3. If the fire protection program were not in place, the insurer would not be willing to ensure the warehouse for any amount less than
A) $80.
B) $300.
C) $3,000.
D) $6,000.
E) $300,000.
C
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There are ________ members of the FOMC
A) 5 B) 7 C) 12 D) 19
Wants
A) is another term for needs. B) refer to services while needs refer to goods. C) is the term used by economists instead of needs because needs are not objectively definable. D) are used by economists and refer to the same thing as needs when used by psychologists.
If the U.S. population were split into quintiles based on income, with the lowest quintile representing the poorest 20 percent, then those who earned the median income for the United States would be in the:
A. second quintile. B. third quintile. C. fourth quintile. D. fifth quintile.
Suppose you make $1,000 investment today that you believe will have a one-time return of $2,500 in 5 years. If the interest rate is 12%, will you have a profitable investment?
A. Yes, because the NPV is positive B. Yes, because the NPV is negative C. No, because the NPV is positive D. No, because the NPV is negative