Each month a bank adjusts the initial interest rate it offers to customers who wish to open a new high-yield savings account. The bank wants to determine if there is a relationship between the initial interest rate and the average daily number of new savings accounts. The bank plans to use the interest to predict the average number of new savings accounts opened in a month. Which one of the following statements is correct?
a. Both the interest rate and the average daily number of new accounts are explanatory variables.
b. Both the interest rate and the average daily number of new accounts are response variables.
c. Average daily number of new accounts is the response variable. Interest rate is the explanatory variable.
d. Interest rate is the response variable.
e. Average daily number of new accounts is the explanatory variable.

Kis the insured and p is the sole beneficiary on a life insurance policy. both are involved in a fatal accident where k dies before p. under the common disaster provision, which of these statements is true?

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i. e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i. e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process. b)consumers have the right to clean air; consumers are dominant in the bargaining process. c)firm has the right to pollute; firm is dominant in the bargaining process. d)firm has the right to pollute; consumers are dominant in the bargaining proces

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak