Fund life & health insurance

Explain carefully why this statement is true.

Reserve capital cannot be spending on operations but must be hold and have available to pay expected claims

Assume that a consumer purchases a combination of products Y and Z and that the MU_y/P_y = 15 and MU_z/P_z = 18. To maximize utility, without spending more money, the consumer should

Autonomous expenditure is spending that is:

Multiple Choice

• what is spent when income changes in the economy.

• that is determined by the government.

• depends on the level of income in the economy.

• not sensitive to the level of income in the economy.

Examine the fundamental causes of a nation’s business cycle fluctuations. Also, examine the relationship between total spending by government and consumers in a nation and the location of the countries’ GDP on the business cycle.

How can GDP be income and spending at the same time?

"Each answer must be about 1 - 2 paragraphs and use economic models/term to explain your answer."

illustrate the effects of an increase in government spending using the classical model assuming that money supply and tax collections are fixed and the government increases its expenditure by selling bonds to the public.

New York City is spending too much $ in recycling waste and and the mayor prefers to bury it in landfills to save $ and help to balance the budget. Do you think this is right or wrong?

The amount Lucie spends on gasoline each month is normally distributed with a mean of $74 and a standard deviation of $8. What percentage of her gasoline spending are between $50 and $98?

Between March 2000 and July 2002 the stock market lost almost 3.5 trillion of vaule and yet consumers spending was still high. Why was there no negative wealth effect?