What is the liability of individuals, corporations, or partnerships for accidents caused by people other than employees for whose acts or omissions the corporations or partnerships are responsible?
Coverage for losses to a third party for which the insured is vicariously liable. Contingent liability can be assumed—for example, for losses arising from product or service failure, where the insurer has assumed liability by providing a performance warranty.
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