The principle of mercantilism views trade as a zero-sum game.
Mercantilism, an economic theory, is believing in the benefits of profitable trading.
Zero-sum is describing a trade where one side of the trade benefits, but the other does not.
Entrepreneurship comes with its share of ups and downs. The most obvious advantage is the opportunity to be your own boss. Being in charge and making the important decisions regarding your business can be fulfilling, but it can also be challenging.
Answer: C) dynamic; defensive
Explanation:
There are two types of open market operations: dynamic open market operations are intended to change the level of reserves and the monetary base, and defensive open market operations are intended to offset movements in other factors that affect the monetary base.
These are the open market operations.
Open market operations are the primary means of implementing monetary policies where Government controls the supply of money in an economy. Here the Government controls the liquidity of banks, interest rates, inflation rates and exchange rates.
Options:
a) $10,000
b) $1,000
c) $1,100
d) $11,000
Answer:
d) $11,000
Explanation:
There is 1% chance of involving in the auto accident
1% of $100, 000 = 1/100 * 100000 = $1000
The insurance company charges a 10% risk premium
10% of $100,000 = 10/100 * 100000 = $10,000
Full coverage = $10,000 + $ 1000
Cost of Full coverage = $11,000
That you will not be in loss you will be in profit bt not too much
