Arno is judge in a country that follows a civil law system. In Arno's court, the primary source of law consists of
a. administrative decisions.
b. a statutory code.
c. case precedents.
d. the laws of other nations.
b
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In the two-period model, suppose a household's income in the first period is $50,000, income in the second period is $60,000, and the real interest rate is 25 percent. Draw a diagram showing the budget constraint. Now, suppose the real interest rate declines to 20 percent. Draw the new budget constraint. For the budget constraints you have drawn, be sure to show the values of the intercepts on each axis. If the household decides that its consumption in period 1 should always be one half of the present value of income, determine whether the household is worse off or better off because of the decline in the real interest rate. Show your work.
What will be an ideal response?
Demographic segmentation is best described as using characteristics of ________ to segment the market.
A. economics B. political stability C. geography D. human populations E. government regulations
Your company is planning to open a new gold mine which will cost $3 million to build, with the expenditure occurring at the end of the year three years from today
The mine will bring year-end after-tax cash inflows of $2 million at the end of the two succeeding years, and then it will cost $.5 million to close down the mine at the end of the 3rd year of operation. What is the project's IRR? A) 14.36% B) 10.17% C) 17.42% D) 12.70% E) 21.53%
Which installation is also known as pilot installation?
A) Direct installation B) Phased installation C) Parallel installation D) Single-location installation