Two voters, al and bill, are each choosing between one of three candidates—1, 2, and 3—who are running for city council. an expe
rimental outcome specifies both al’s choice and bill’s choice, e.g., the pair (3,2). (a) list all elements of s. (b) list all outcomes in the event a that al and bill make the same choice. (c) list all outcomes in the event b that neither of them votes for candidate 2.
The number of outcomes that each of them will have to choose anyone at random is calculated below. n = 3 x 3 = 9 This is because, Al will have 3 choices and similarly, Bill will also have three choices. These outcomes are as written below. S = (1,1), (1,2), (1,3), (2, 1), (2,2), (2, 3), (3, 1), (3, 2), and (3,3)
Part B: To make the same choice, there will only be three outcomes. These are: S = (1, 1), (2, 2) and (3, 3)
Part C: If neither of them will vote for 2, there will only be four outcomes. This is because each of them will only have two choices. These are: S = (1, 1), (1, 3), (3, 1), and (3,3)
Firms seek to invest in nations with national governance standards that are acceptable to them.
Explanation:
Corporate governance involves the way a company is been controlled by the owners or board of directors. It involves the rules by which workers abide and the hierarchy of workers.
Corporate governance is important to nations because in most cases it is the owners of a company that decide which country to invest in, and in most cases the investors critically check if the country has a suitable governing atmosphere for their business to run smoothly in.
As prepaid rent is used, the asset becomes a liability. Liability because it becomes the responsibility of someone who uses the prepaid. Since the prepaid rent was used, it needs money to be able to pay them. It becomes the responsibility for someone to be able to use his money to pay the prepaid rent that was used.
Explanation: In simple words, aggregate demand refers to the total amount of goods and services that the consumers are willing to consume at a specific price and in a specified time.
A decrease in dollar value will result in less purchasing power for imports. This will result in less supply which will ultimately increase the price of the imported quantity, thus, resulting in decrease in aggregate demand.
Derived demand is a rise in the demand of a product due to the increase in demand for related or intermediate goods. If two distinct goods or services are used together, a rise in the demand of one will cause the demand for the other to rise. Products or services used together are called complementary goods.
Derived demand is primarily as a result of the usage of a product in the production or consumption of other goods or services. In this case, the demand for workers is solely due to a rise in the demand for cars. Should the demand for vehicles decrease, then the demand for workers will fall.
