Identify the following statements as examples of positive
economics, normative economics, or the art of economics:
a. Based on microeconomic models, extending the tax cuts
instituted in 2001 will likely continue to further the trend of
growing income inequality in the United States.
b. The Federal government needs to raise the minimum wage to $8
per hour so that families will have sufficient income to meet their
basic needs.
c. A country’s overall income is more important than how that...
According to the data released by the Chamber of Commerce of a
certain city, the weekly wages of factory workers are normally
distributed with a mean of $710 and a standard deviation of $50.
Find the probability that a worker selected at random from the city
makes the following weekly wage. (Round your answers to four
decimal places.) (a) less than $710 = (b) more than $835 = (c)
between $660 and $760=
According to the data released by the Chamber of Commerce of a
certain city, the weekly wages of factory workers are normally
distributed with a mean of $750 and standard deviation of $40. Find
the probability that a worker selected at random from the city
makes the following weekly wage. (Round your answers to four
decimal places.)
(a) less than $750
(b) more than $874
(c) between $710 and $830
Giving relevant examples,discuss the various transaction
processing in e-commerce based on the following; 1.transactions and
e-commerce 2.overview of transaction processing 3.transaction
processing in e-commerce 4.keeping business records,audit,backup
5.high availability systems 6.replication and scaling
7.implementation
Oil swaps , future , options are all examples of oil derivatives
contracts . explain the difference and how these can be used in
price risk management, and give examples . please this an update of
the previous one send .