money to someone who is employed than to someone who is unemployed. (LO4) O. Disability insurance pays a portion of an individual's wages should a non-work related injury or illness prevent that person from being able to work. Explain why disabil- ity insurance premiums might be lower if everyone were required to purchase disability insurance. (LO5) 2. Ann and Barbara are computer programmers in Nashville who are planning to move to Seattle. Each owns a house that has just been appraised for $100,000. But whereas Ann's house is one of hundreds of highly similar houses in a large, well-known suburban development, Barbara's is the only one that was built from her architect's design. Who will benefit more by hiring a realtor to assist in selling her house, Ann or Barbara? (LO1) 3. Brokers who sell stocks over the Internet can serve many more customers than those who transact business by mail or over the phone. How will the expansion of Internet access affect the average incomes of stockbrokers who continue to do business in the traditional way? (LO2) 4. Whose income do you predict will be more affected by the expansion of Internet access: (LO2) a. Stockbrokers or lawyers? b. Doctors or pharmacists? Rookstore owners or the owners of galleries that sell
money to someone who is employed than to someone who is unemployed. (LO4) O. Disability insurance pays a portion of an individual's wages should a non-work related injury or illness prevent that person from being able to work. Explain why disabil- ity insurance premiums might be lower if everyone were required to purchase disability insurance. (LO5) 2. Ann and Barbara are computer programmers in Nashville who are planning to move to Seattle. Each owns a house that has just been appraised for $100,000. But whereas Ann's house is one of hundreds of highly similar houses in a large, well-known suburban development, Barbara's is the only one that was built from her architect's design. Who will benefit more by hiring a realtor to assist in selling her house, Ann or Barbara? (LO1) 3. Brokers who sell stocks over the Internet can serve many more customers than those who transact business by mail or over the phone. How will the expansion of Internet access affect the average incomes of stockbrokers who continue to do business in the traditional way? (LO2) 4. Whose income do you predict will be more affected by the expansion of Internet access: (LO2) a. Stockbrokers or lawyers? b. Doctors or pharmacists? Rookstore owners or the owners of galleries that sell
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What is number 2
Transcribed Image Text:money to someone who is employed than to someone
who is unemployed. (LO4)
O. Disability insurance pays a portion of an individual's
wages should a non-work related injury or illness prevent
that person from being able to work. Explain why disabil-
ity insurance premiums might be lower if everyone were
required to purchase disability insurance. (LO5)
2. Ann and Barbara are computer programmers in Nashville
who are planning to move to Seattle. Each owns a house
that has just been appraised for $100,000. But whereas
Ann's house is one of hundreds of highly similar houses
in a large, well-known suburban development, Barbara's
is the only one that was built from her architect's design.
Who will benefit more by hiring a realtor to assist in
selling her house, Ann or Barbara? (LO1)
3. Brokers who sell stocks over the Internet can serve many
more customers than those who transact business by mail
or over the phone. How will the expansion of Internet
access affect the average incomes of stockbrokers who
continue to do business in the traditional way? (LO2)
4. Whose income do you predict will be more affected by
the expansion of Internet access: (LO2)
a. Stockbrokers or lawyers?
b. Doctors or pharmacists?
Rookstore owners or the owners of galleries that sell
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