Points to the right of the production possibilities curve represent future economic growth (third option).
<h3>What is the
production possibilities curve?</h3>
The Production possibilities curve shows the various combination of two goods a country can produce when all its resources are fully utilised.
Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources. This point indicates production levels in the future.
For more information about the production possibility curve, please check: brainly.com/question/25774783
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5. B) $379.50
Based on the table because he is a 50 year old male, the cost per thousand is $7.59. Multiply this by 50 because he wants $50,000 worth of coverage
6. B) $94,165
The cost to secure the loan in the down payment and all other fees. The down payment is 30%* $310,000= $93,000
Add all the fees together $1165 plus the down payment = $94,165
<u>Solution and Explanation:</u>
<u>Moral Hazard </u>– It is a situation when a firm or an individual modify their behaviour once the person gets what one was desired to achieve; example, insurance, funding, etc.
<u>Adverse selection </u>- The firm does not information on the consumer, and, sells the product at lower price assessing a lower risk when more information would have made the seller ask for a higher price
a) Moral Hazard
The country changes its project plan after the World Bank extends the loan; if the World Bank has put in conditions that it be used only for a canal, then the loan cannot be used
Answer:
$169.07
Explanation:
Data provided in the question:
Loan amount = $29,000
Time = 10 years
Interest rate = 7% compounded monthly
Therefore,
Interest rate per period, r = 7% ÷ 12 = 0.583% = 0.00583
number of periods, n = 10 × 12 = 120 months
Now,
Loan amount = Monthly payments × [ { 1 - (1 + r )⁻ⁿ } ÷ r]
on substituting the respective values, we get
$29,000 = Monthly payments × [ { 1 - (1 + 0.00583 )⁻¹²⁰ } ÷ 0.00583]
or
$29,000 = Monthly payments × 171.53
or
Monthly payments = $169.07
The question is incomplete. The complete question is :
The Jackson family is undecided about whether or not to buy a new car. If the probability is .9 that they will buy one, and if the probability is .3 that they will buy a Ford, and if the probability is .4 that they will purchase a car getting more than 20 miles per gallon, what is the probability that they will buy either a car getting more than 20 miles per gallon or a Ford, if all Fords get more than 20 miles per gallon?
Solution :
Given that :
The probability of buying a new car, 
Probability of buying Ford = 0.3
That is, if Jackson family buy a car that is a ford car, 
= 0.27
The probability for getting more than 20 miles per gallon = 0.4
That is if Jackson family buy a car that have more than 20 miles per gallon mileage, 
The conditions
All of the car have more than 20 miles per gallon mileage.
It means that buying a ford car is subset of getting more than 20 miles per gallon.
Therefore, the probability of buying a car either getting more than 20 miles per gallon or ford = 
Therefore,
= 0.36
Thus the probability that Jackson family is buying a car either getting more than 20 miles per gallon or ford is 0.36
