Author Question: In most state-run lotteries, a. the winner receives a single lump-sum payment b. the present value ... (Read 105 times)

humphriesbr@me.com

  • Hero Member
  • *****
  • Posts: 550
In most state-run lotteries,
 a. the winner receives a single lump-sum payment
  b. the present value of the winnings is less than the number of dollars won
  c. the present value of the winnings exceeds the number of dollars won
  d. winners are paid the present value of the total amount won
  e. winners are paid only in the distant future

Question 2

Imagine that there are only two nations in the world, the United States and Mexico. If Mexico experiences a drop in the price of foreign exchange, people in Mexico will
 a. have to buy more U.S. currency, because prices of imports from the United States will have increased
  b. end up buying less U.S. currency, because U.S. prices on goods will decrease to everyone
  c. be able to afford less U.S. currency, and imports from the United States will be more expensive
  d. be able to afford more U.S. currency, and imports from the United States will be cheaper
  e. be able to afford more U.S. currency, and imports from the United States will be more expensive



mochi09

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

For a complete list of videos, visit our video library