Author Question: In most state-run lotteries, a. the winner receives a single lump-sum payment b. the present value ... (Read 104 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?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

For a complete list of videos, visit our video library