Slaves had incentives to remain docile, not resist their work demands and continue to depend on slavery as an institution according to Elkins (1959)
Indicate whether the statement is true or false
True
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What is the price of a coupon bond that has annual coupon payments of $85, a par value of $1000, a yield to maturity of 10%, and a maturity of three years?
A) $211.38 B) $898.84 C) $962.70 D) $1255.0
A double coincidence of wants
a. is required when there is no item in an economy that is widely accepted in exchange for goods and services. b. is required in an economy that relies on barter. c. is a hindrance to the allocation of resources when it is required for trade. d. All of the above are correct.
Suppose someone knew that the probability of incurring a $10,000 medical expense was 5%, and the odds of being healthy and incurring no expenses was 95%. If they used that information to compare the expected cost to them ($500) with the $600 premium it would cost to get full coverage and decided to buy the insurance, then economists would say they are
A. risk-averse. B. risk-neutral. C. Irrational. D. risk-loving.
Suppose that at the current level of production, the price of a monopolist’s product is equal to $15 per unit. Marginal revenue is equal to $10 per unit, and marginal cost is equal to $15 per unit. This monopoly
a) has maximized profit and should keep production the same. b) can increase its profit by producing and selling more units of its product. c) can increase its profit by producing and selling fewer units of its product. d) more information is needed to answer this question.