Motivation can be divided into two types:
a. Intrinsic and extrinsic
b. Planned and non-planned
c. Mysterious and obvious
d. Achievement-oriented and open-ended
A
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Which of the following is NOT one of the three primary sources of private investment funds flowing into developing nations?
A) portfolio investment B) bank loans C) World Bank and IMF loans D) foreign direct investment
The above figure shows the marginal private benefit and marginal social cost of a college education. If society's external benefits from college graduates is $10,000 each, then the
A) marginal social cost curve lies $10,000 to the left of the private marginal benefit curve. B) marginal social cost curve lies $10,000 to the right of the private marginal benefit curve. C) marginal social benefit curve lies $10,000 below the private marginal benefit curve. D) marginal social benefit curve lies $10,000 above the private marginal benefit curve.
An individual has an initial wealth of $35,000 and might incur a loss of $10,000 with probability p. Insurance is available that charges $gK to purchase $K of coverage
What value of g will make the insurance actuarially fair? If she is risk averse and insurance is fair, what is the optimal amount of coverage?
Social costs are:
A. private costs plus external costs. B. network costs minus private costs. C. external costs minus private costs. D. those costs imposed without compensation on someone other than the person who caused them.