A firm purchases a life insurance contract from a sick person, then collects the payout when he dies. These types of contracts are called viatical settlements. It is the sale of a policy owner's existing life insurance policy to a third party owner for more than its cash surrender value but less than the net death benefit (Wikipedia). These markets are also referred to as reverse insurance markets. Firms have an incentive to enter into such settlements if they expect the person whose life insurance policy is being purchased to die relatively soon. If the person dies, the firm gets to collect the death benefit. Answer the following question below that pertain to viatical settlement markets:
Q. Would this type of a market suffer adverse selection problems? Explain your answer clearly. [Hint: Students are advised to look into BHT text or do some Google research on this to be able to answer this question properly. There is the theoretical explanation and then there is what actually happened in the market]
In: Economics
Research and upload five Australian articles relating to phoenix activities that will assist you in answering below. Your articles can be from cases, case notes, journal articles, opinions and publications from legal firms, Government bodies such as the ASIC, APRA, and other specific government bodies such as the ATO. . Discuss whether illegal phoenix activities have occurred in the above scenario. What are the warning signs of illegal phoenixing and whether these warning signs existed in the above scenario?
In: Economics
WITH STEP AND HOW YOU SOLVE IT PLEASE !
Max enjoys windsurfing and snorkeling. Max can either rent windsurfing or snorkeling equipment for a fixed price per hour. The table below shows the total utility Max gets from each activity. Max has a budget of 40$ and windsurfing costs 10$ per hour and snorkeling costs 5$ per hour.
|
|
Total utility from windsurfing |
Marginal utility from windsurfing |
Marginal utility per dollar windsurfing |
Total utility from snorkeling |
Marginal utility from snorkeling |
Marginal utility per dollar snorkeling |
|
0 |
0 |
- |
- |
0 |
- |
- |
|
1 |
120 |
80 |
||||
|
2 |
220 |
150 |
||||
|
3 |
300 |
210 |
||||
|
4 |
360 |
260 |
||||
|
5 |
396 |
300 |
||||
|
6 |
412 |
330 |
||||
|
7 |
422 |
350 |
||||
|
8 |
424 |
360 |
|
Consumption possibilities |
Windsurfing (hours) |
Snorkeling (hours) |
Marginal utility per dollar windsurfing |
Marginal utility per dollar snorkeling |
|
A |
||||
|
B |
||||
|
C |
||||
|
D |
||||
|
E |
In: Economics
1. One way to prevent "food insecurity" and promote nutritional health is to develop and operate a community garden that grows fresh fruits and vegetables. In addition to the traditional outdoor community garden, there is the possibility of employing an indoor gardening method that uses hydroponics (a water-based "soil") to grow certain fruits and vegetables throughout the year. In either case, resources are required to grow food.
Please list the principal non-human resources required to produce food indoors using hydroponics versus the traditional outdoor gardening method. Please list at least 3 capital and/or natural resources used in each method.
In: Economics
After Hurricane Katrina, a number of cases where a question of whether property damage was wind related or water related were brought to the public’s attention.. Homeowners tend to insure against those negative situations that they deem to be most probable. In a case such as a hurricane, should an insurance company be willing to cover all types of damage even if the homeowner is insured only for water damage. Why?
In: Economics
1. Which of the following statement is true?
A. AVC = TC/Q
B. MC equals the change in ATC divided by the change in Q.
C. TFC = TC- TVC
D. TC = TFC- TVC
2. If the marginal cost o the 5,000 unit is $0.06 an the average
total cost of the 5,000 unit is $0.10;
A. Average variable cost is falling
B. Average total cost is falling
C. Total cost I falling
D. Average fixed cost is rising
3. If the marginal cost of the 10th unit o output is $15 and the
average total cost o the 10th unit of output is $15,
A. Average total cost is increasing at 10 units of output
B. Average total cost is decreasing at 10 units of output
C. Average total cost is minimized at 10 unit of output
D. Average total cost is maximized at 10 units o output
4. Implicit cost are:
A. The opportunity cost of using resources owned by the
entrepreneur in his/her own business.
B. Those payments the business owner makes in cash
C. Payments the business owner must make on borrowed founds
D. Cost which vary as the level of output varies
In: Economics
explain weak sustainability and strong sustainability and how each determines whether society is being sustainable. Next, explain what types of policies would be advocated for from each position and provide some examples of actual policies that have been implemented. Finally, take a position regarding one of these and argue why it is a better conception of sustainability.
i think weak sustainability has something to do with being able to substitute natural capital with i think it was constructed capital? I think strong sustainability is the opposite where they reject the idea that constructed capital can substitute natural capital. I am a little unclear on what the question is trying to say on whether society is being stable? If someone can help break down the question a little more (if that is possible) I think that would really help me getting started. thanks in advance.
In: Economics
Appraise in today’s world of trade and non-trade concerns, why issues in health, environment and safety (HES) and sanitary and phytosanitary (SPS) standards are rising again. Is China in particular, emerging as a challenge to the US after displacing Japan by GDP size contributory to this new international economic development?
In: Economics
In: Economics
Business Law Question True or False
1. An NPDES permit is issued only with only EPA approval.
a. True b. False
2. Negligence is available as a tort remedy only when the breach of duty is a statutory violation.
a. True b. False
3. Some of the most active pirates are from Cuba .
a . True b. False
4. Most insurers now include an exclusion policy on CERCLA exposure, but coverage is available as a policy rider.
A. True b. False
5. One state can impose a tax on a corporation's property if the corporation does any business in the state.
a. True b. False
6. Corporate political speech enjoys less First Amendment protection than individual political speech.
a. True b. False
7. An agency's withdrawal of a rule without factual support for its need for withdrawal has acted arbitrarily and capriciously
a .True b. False
8. Comparative negligence reduces the plaintiff's recovery.
a. True b . False
9. Speeding is a breach of duty for negligence purposes.
a.True b. False
10. The act of state doctrine precludes outside interference in expropriation.
a. True b. False
11. In the Parable of the Sadhu, the hikers are certain the religious pilgrim survived .
a . True b. False
In: Economics
6. Mosley (2000) article provides an important insight into the politics of international finance. Answer the following questions:
- What is it?
- How does it fit into two broader debates about globalization?
In: Economics
Incorporating COVID-19 pandemic into the AS/AD model
Q. How can we think of the COVID-19 shock(s) in the AS/AD framework?
Explain the intuition and show your arguments in a diagram
In: Economics
Scammers Inc. has developed a new Immune Booster drink (IB) as well as a “cure” for Covid-19 based on Colloidal Silver (CS). As the product manager for the firm, you are responsible for setting the pricing policy for the new products. You are considering a bundled package that includes both products, and you assume the marginal cost of production is zero for planning purposes. You have identified four basic types of customers who may buy these new products, and their reservation prices for the two new products are provided in the following table:
|
Type |
Immune Booster (IB) |
Colloidal Silver (CS) |
|
A |
$5 |
$18 |
|
B |
$8 |
$11 |
|
C |
$10 |
$9 |
|
D |
$14 |
$3 |
Suppose you sell the two products separately, and each buyer is expected to purchase one unit of the product per week. Which prices for IB and CS maximize weekly revenue? What is the weekly revenue equal to?
If you offer the two products under a pure bundling strategy, what is the revenue maximizing bundle price? What is the weekly sales revenue from the pure bundling scheme?
What are your firm’s profits if you charge $19 for a bundle containing one unit of IB and one unit of CS but also sell the products separately at a price of $14 for IB and $18 for CS?
In: Economics
Can someone come up with 50 multiple choice questions and 4 options for each of them? Furthermore, each answer should have an explanation (to understand mistake). Field: Microeconomics and Macroeconomics. Topic 10 Principles of Economics: People Face Tradeoffs, The Cost of Something is What You Give Up to Get It, Rational People Think at the Margin, People Respond to Incentives, Trade Can Make Everyone Better Off, Markets Are Usually a Good Way to Organize Economic Activity, Governments Can Sometimes Improve Economic Outcomes, The Standard of Living Depends on a Country's Production, Prices Rise When the Government Prints Too Much Money, Society Faces a Short-Run Tradeoff Between Inflation and Unemployment. Level of difficulty: medium-difficult. Please do not plagiarise or copy from other sources, it should be original.
In: Economics
4. Assume that Canada and Haiti, and the U.S. and Haiti, have similar voting patterns in the U.N. General Assembly. According to Adhikari (2019), what impact is this expected to have on the amount of foreign aid that Canada and the U.S. send to Haiti? (2.5 points)
In: Economics