Which principle specifies an insured should not collect more than the actual cash value of a loss?
Legal principle that specifies an insured should not collect more than the actual cash value of a loss but should be restored to approximately the same financial position as existed before the loss.
If indirect taxes are subtracted and subsidies are added to Net Domestic Product at market price we get
Consider the following set of data:
{23.32 32.33 32.88 28.98 33.16 26.33 29.88 32.69 18.98 21.23 26.66 29.89}
For any given price, a firm in a competitive market will maximize profit by selecting the level of output at which price intersects the
New loans made = 1000. Fractional reserve ratio is 1/3, by how much deposits will grow?
The theory of comparative advantage in a two−country, two−commodity world can only work if
The theory of purchasing power parity says that .
Consider the matching-pennies game:
Let p= probabi...
A society in which there was garbage collection problem. But there was voluntary problem of payment so some people would participate and some wouldn’t...
Multicollinearity causes
Law of diminishing returns only applies to cases where