Economists are scientists who explain the world, and they also serve as policy advisers who advance humankind. These two jobs need different kinds of language since their objectives are different. The assertions made by economists as scientists are positive, whereas the statements made by economists in their capacity as policy advisers are normative.
What is the main visions and thoughts of these two professional groups?
Economists take on the role of policymakers when they try to make the world a better place. Positive and normative statements both describe the world as it is and how it should be, respectively. Positive claims can be supported or disproven by facts.Macroeconomists research past patterns in the whole economy and make predictions about future patterns in variables like investment, inflation, economic growth, and variables like unemployment and inflation. Financial economists research the functioning of the financial sector, including the impact of escalating interest rates.To know more about Economy here
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Write down the budget set and budget line in equations for the case without regulation on cigarettes amount.
Without regulation, the budget set for a consumer can be represented as x_1 + x_2 <= m and the budget line can be represented as x_1 = m - p_2 × x_2, where x_1 is the number of cigarettes purchased, x_2 is the number of other goods and services purchased, m is disposable income and p_2 is the price of other goods and services.
The budget set for a consumer without regulation on the number of cigarettes that can be purchased can be represented as an equation in the form of:
x_1 + x_2 <= m
Where x_1 represents the number of cigarettes purchased, x_2 represents the quantity of all other goods and services purchased, and m represents the consumer's disposable income.
The budget line for a consumer without regulation on the number of cigarettes that can be purchased can be represented as an equation in the form of:
x_1 = m - p_2 × x_2
Where x_1 represents the number of cigarettes purchased, x_2 represents the quantity of all other goods and services purchased, m represents the consumer's disposable income, and p_2 represents the price of all other goods and services.
This equation shows that the consumer can purchase any combination of cigarettes and other goods and services as long as they stay within their budget constraint (m).
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if a producer is not able to expand its plant capacity immediately, it is____
Factory expansion requires huge investments, and it takes time for all companies to make such investments. If producers cannot expand their factories, they will take short-term action.
The plant capacity is the saturation point. The maximum force a plant can produce. Fixed costs are constant costs. It does not change with the level of production of goods and services. Gross cost of production corresponds to variable cost of production. In the long run, all costs will fluctuate. Because in the long run you have enough time to convert all fixed inputs to variable inputs.
Therefore, total costs correspond to variable costs in the long run. Finally, marginal cost increases as production increases because the marginal product of labor decreases. Capacity factor: It is the ratio of the energy actually produced to the maximum energy that could have been produced in a given time period. The plant capacity factory gives the inverse capacity of the plant.
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A manufacturer that ships goods made at its Brazilian plants to markets in foreign countries O views a weaker Brazilian real (vis-a-vis the currencies of the countries to which it is exporting) as an unfavorable exchange rate shift. O views a stronger Brazilian real (vis-a-vis the currencies of the countries to which it is exporting) as a favorable exchange rate shift. O has no interest in whether the Brazilian real grows stronger or weaker vis-a-vis other currencies when its chief competitors are manufacturers based in countries outside Brazil. O views a weaker Brazilian real (vis-a-vis the currencies of the countries to which it is exporting) as a favorable exchange rate shift. O has no interest in whether the Brazilian real grows stronger or weaker vis-a-vis other currencies unless its chief competitors are also making their products at plants located in Brazil.
A market contributes significantly to the growth of an economy and the income of sellers. Commodities and services are marketed using a market as a foundation. Consumers can get commodities thanks to a market.
When the Brazilian real depreciates in value relative to the currencies of the nations where Brazilian commodities are exported, it is encouraging to see that competitive gain. Therefore, it is highly advantageous to have products created in Brazil and export them to markets in other nations.
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Age, Price, and _____ are the only three positioning criteria that remain constant from year to year
Age, Price, and reliability are the only three positioning criteria that remain constant yearly.
They consider four buying criteria Price, age, MTBF( trustability), and positioning. Each member has different price prospects. For illustration, Low-End guests seek affordable detectors, while High-End guests, who need decoration products, and product trustability are willing to pay advanced prices.
Product trustability is vindicated by dimension. The metric for products that can not be repaired, similar to light bulbs, is mean time to failure( MTTF). The metric for products that can be repaired, similar to digital computers, is the mean time between failures( MTBF).
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Which of the following steps is necessary to ensure that a master schedule is valid?
A. worker scheduling
B. order promising
C. inventory counting
D. order booking
E. rough-cut capacity planning
Rough-cut capacity planning steps is necessary to ensure that a master schedule is valid.
What is Rough cut capacity?
Rough cut capacity planning is a method of determining the total available capacity of a manufacturing facility. This type of capacity planning is typically used in the early stages of production planning, when a company is trying to determine how much output it can handle and the resources it will need to meet that output. It is an estimate of capacity that does not take into account any adjustments for efficiency or other factors.
What is a Master schedule?
A master schedule is a detailed timetable of the activities and resources required to complete a project. It is used to coordinate the efforts of the project team and ensure that tasks are completed on time and within budget. The master schedule outlines the timeline, tasks, resources, and milestones of the project.
Therefore the correct option is E. rough-cut capacity planning.
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How does a production possibilities graph show opportunity cost?
A production possibilities graph shows opportunity cost by illustrating the trade-off between two different production options. It shows how much of one good must be given up in order to produce more of the other.
It also shows the maximum amount of both goods that can be produced given limited resources. The opportunity cost of one good is shown by the slope of the production possibilities graph, which is the amount of the other good that must be given up in order to produce more of the first good. Applying the following formula, opportunity cost is determined as follows: Opportunity Cost is calculated as Return on the Most Profitable Investment - Return on the Investment Selected to Pursue.
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suggests that disparate impact exists if a selection criterion results in a selection rate for a protected class that is less than 80 percent of that for the majority group.
Disparate impact occurs when a selection criterion has a disproportionately negative impact on a particular group of people or groups of people, and particularly those which are protected by law.
In this current situation, the selection rate for the protected class must be 80 percent or less than the majority group. That is, if the majority group has a selection rate of 80 percent, then the selection rate for the protected class must be 64 percent or less than 64, for there to be a disparate impact. This type of discrimination is illegal and must be dealt with to ensure fair recruitment.
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Candace makes a lot of phone calls for her job. She has received feedback indicating that she speaks in a monotone and does not sound very engaged. Which of the following can she do to speak more enthusiastically and pleasantly?
a -Candace should close her eyes during phone calls and focus all her energy on the call and her words
b- during phone calls, Candace should make sure she stays still and concentrates on elevating the pitch of her voice
c - Candace should listen to her recorded voice to get ideas about changes she should make
d - Candace should engage in nonverbal behaviors, such as smiling, sitting up straight, and gesturing, during phone calls
Candace should listen to her recorded voice to get ideas for future changes. (Option C)
What is the definition of personal personality development?The process by which the organised thought and behaviour patterns that make up a person's unique personality emerge over time is referred to as personality development. Many factors influence personality, including genetics and environment, parenting style, and societal factors.
Make an imaginary persona based on your real self and your imaginary persona."My Imaginary Self" I am a young man who enjoys sports. My basketball team won the championship. But when it comes to studies, I am completely useless. I have backlogs and poor grades. However, I have a good heart. I adore pets, even if they do not reciprocate. I was bitten by a dog once for petting him.
When it comes to people, I am also very humble. I have a long list of things I want to accomplish in my life. I can also sing. My hobby is singing.
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Explain how various economic factors contributed to the development of the global economy from 1750 to 1900.
The expansion of empires and the growth of industrial capitalism have greatly increased global exchanges.
Corporations in developed countries benefited from imperialist power over the rest of the world, especially by encouraging colonized and dependent territories to concentrate on exporting goods.
Commodities are often raw materials or agricultural products such as oil, gold, wheat and coffee, but also include capitalism processed products such as steel and textiles.
Commodities are bought and sold on commodity markets where prices are determined by supply and demand. Commodity prices tend to fluctuate due to factors such as changes in demand, weather and political events.
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To be effective, analytical procedures performed near the end of the audit should be performed by:
A. The partner performing the quality review of the audit.
B. A beginning staff accountant who has had no other work related to the engagement.
C. A manager or partner who has a comprehensive knowledge of the client's business and industry.
D. The CPA firm's quality control manager.
Analytical procedures performed near the end of the audit should be performed by the partner performing the audit's quality review to be effective.
What exactly is vouching?The examination of documentation proving and substantiating a financial transaction by an auditor is known as "vouching," which is a technical term. The goal of vouching, an auditing technique, is to demonstrate the legitimacy of the transactions listed in the main books of accounts. This process's main task is to confirm an entry made in the books of accounts with the relevant documentary evidence and the authority supporting the entry. It also entails ensuring that the amount specified in the voucher has been posted to the correct account, which will reveal the nature of the transaction when it appears in the final statements of the account. Vouching does not include valuation.
During the course of an audit, auditors employ analytical procedures. The most important aspect of carrying out procedures is vouching for all data supporting various ratios.
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A method of financing life insurance which is best suited for individuals who are in higher tax brackets is known as:
A method of financing life insurance which is best suited for individuals who are in higher tax brackets is known as MEC (Modified Endowment Contracts).
What do you mean by tax?A tax is a financial charge or other levy imposed on a taxpayer by a state or state equivalent function such as a state. Local governments are charged with financing various public expenditures. Delinquency, tax evasion and tax evasion are punishable. Taxes consist of direct or indirect taxes and can be paid in cash or in labor equivalents. Most countries have tax systems that pay for public, common, or agreed-upon national needs and government functions. Some collect tax on a percentage of annual personal income, but most tax based on annual income.
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What are 4 business environments?
1. International business environment: This type of business environment is characterized by the presence of many countries and cultures as well as different economic, political and legal systems.
2. Domestic business environment: This type of business environment is characterized by a single country and culture, as well as a uniform set of economic, political and legal systems.
3. Regulatory business environment: This type of business environment is characterized by the presence of many government regulations, both domestic and international.
4. Competitive business environment: This type of business environment is characterized by the presence of multiple competitors. Companies must develop strategies to differentiate themselves in order to gain market share and remain competitive.
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What were the three main reasons the stock market crashed?
The three main reasons the stock market crashed in October 1929 were economic instability, overvaluation of stocks, and speculation.
Economic instability was caused by a prolonged period of economic growth and rising stock prices followed by a sudden contraction of the economy. This led to a decrease in consumer spending and business investments, which further weakened the economy.
Overvaluation of stocks was a result of investors buying stocks on credit in hopes of turning a quick profit, regardless of whether the stock was actually worth its current price.
Finally, speculation was rampant among investors who were convinced that stock prices would continue to rise indefinitely. They borrowed large sums of money to buy stocks, which only exacerbated the situation when the market crashed.
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A rise in interest rates of two percentage points will produce the greatest reduction in the present value of which of the following securities?
A. a 20-year Treasury bond
B. a 30-year Treasury bond
C. a 5-year Treasury note
D. a 30-day Treasury bill
The correct answer is :
B. a 30-year Treasury bond
A rise in interest rates can have a significant impact on the present value of a bond. As interest rates increase, the value of a bond's fixed interest payments decreases relatively, which leads to a decrease in the bond's present value. The bond with the longest maturity will have the greatest sensitivity to interest rate changes, so a 30-year Treasury bond would experience the greatest reduction in present value with a two percentage point increase in interest rates.
In contrast, a shorter-term bond such as a 5-year Treasury note or a 30-day Treasury bill would have a smaller sensitivity to interest rate changes, so the reduction in their present value would be less significant.
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go fol l ow my t i k t o k
The Fed can influence the volume of bank lending by ____________ bonds and thus injecting reserves into the system.
The volume of bank lending may be influenced by the Fed by making bond purchases and providing reserves to the system.
How does the Fed influence the reserves?Open-market operations are used by the Federal Reserve to either grow or reduce reserves. The Federal Reserve writes a check written on itself to purchase US Treasury securities in order to enhance reserves. The check is deposited in a bank by the seller of the treasury security, boosting the seller's deposit.
The Federal Reserve affects the availability of credit and money in the economy via its monetary policy instruments. It mostly does this through routine open market transactions. The amount (or supply) of reserves in the financial system changes as the Fed purchases or sells U.S. government securities.
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What can I spend my discretionary income on?
Discretionary income is money left over after paying taxes and other necessary expenses. It can be used to purchase things that are not essential but are desirable or necessary for a comfortable lifestyle.
Examples of things to spend your discretionary income on include entertainment such as going to the cinema or dinner; travel such as taking leave; or luxury items such as designer clothes or a new television. You can also use discretionary income to save for a specific goal, such as a down payment on a house or car, or investing in shares. It can also be used to pay off debt or donate to charity. There is no one-size-fits-all answer to how to use discretionary income because everyone has different financial goals and needs.
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Pressures for a global integration strategy for all markets are increased by the presence of
global competition and the interconnectivity of economies and businesses. As companies and industries become more interconnected and reliant on international trade, it becomes increasingly important for them to have a cohesive strategy for operating in all markets.
Additionally, as global competition intensifies, companies may need to adapt their strategies in order to remain competitive. This can include developing new products or services, entering new markets, or changing their marketing or distribution methods. Overall, the presence of global competition and interconnectivity can drive the need for a comprehensive global integration strategy, when competition on a global scale increases, businesses may need to modify their tactics to be competitive. This might involve creating new goods or services, breaking into untapped markets, or altering their advertising or distribution strategies. Overall, the requirement for a thorough global integration plan may be prompted by the presence of international competitiveness and connection.
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(Problem 2) Your study partner is confused by the upward-sloping short-run aggregate supply curve and the vertical long-run aggregate supply curve. How would you explain this? Choose the correct statement.
A. The short-run aggregate supply curve is upward-sloping because in the short run wages are flexible. The long-run aggregate supply curve is vertical because in the long run wages are sticky.
B. The short-run aggregate supply curve is upward-sloping because in the short run wages are sticky. The long-run aggregate supply curve is vertical because in the long run wages are flexible.
C. The short-run aggregate supply curve is upward-sloping because in the short run wages are sticky. The long-run aggregate supply curve is vertical because in the long run wages are also sticky.
Option 'B' is the proper choice because Since wages are sticky in the short term, the aggregate supply curve in the short run is upward-sloping. Because salaries are flexible over the long term, the aggregate supply curve, in the long run, is vertical.
Pay is sticky in the short term. As a result, production becomes more flexible at higher output prices, allowing a company to boost profits by producing more. Since quantity supplied rises with price level as a result, the aggregate supply curve is upward sloping in the short run.
Long term, all pricing is negotiable. The demand for labor will therefore rise along with the price of output when the firm reacts by producing more, which will raise wages. It is not profitable to expand output since the pay rise cancels out the price increase. Thus, the aggregate supply curve over the long run is vertical.
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Your local bank offers free checking for accounts with the balance at least of $500 Suppose you have a balance of $516.46 and you write a check for $31.96 How much do you need to deposit to avoid being charged of service fee
To avoid charges, I must deposit $15.50. Checking accounts are ones that let you deposit and withdraw money. But verification is necessary to access the account.
Free checking is available from the neighbourhood bank for accounts with at least a $500 balance.If I have $516.46 in my account and I wish to write a check for $31.96 to avoid fees, I must deposit:
$516. 46 - $500 = $16.46
The extra money to avoid charges is $16.46, but since I want to check more than that, I will deposit $15.50 instead.
$31.96 - $16.46 = $15.50
Depositing $15.50 will convert the additional funds to $31.96. I won't be charged because my balance will be at least $500 when I withdraw $31.96.
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Why does free enterprise create a greater variety of products than a command economy?
Free enterprise creates a greater variety of products than a command economy because it allows companies to respond directly to consumer demand.
Why does a market economy produce a wider range of goods than a market economy?Free enterprise creates a greater variety of products than a command economy because it allows companies to respond directly to consumer demand.Companies in a free enterprise system are incentivized to create products that meet consumer needs and wants, creating competition and innovation that drive product variety.In a command economy, the government controls what is produced and does not respond directly to consumer demand, so there is less of an incentive for companies to introduce new products.In a command economy, the government controls the production and distribution of goods and services, and often sets prices and production levels.This limits the number of products that are available and does not allow for competitive forces to drive innovation.The government also has less incentive to produce products that meet consumer demands, so the variety of products available is often limited.To learn more about Free enterprise refer to:
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Small explanation about autocratic leadership
Answer:
Autocratic leadership is a leadership style characterized by individual control over all decisions with limited input from stakeholders.
Explanation:
It is often described as a style with ultimate authority and power over others. This type of leadership is typically used to establish centralized control and to achieve desired results. It is characterized by highly structured environments, clearly defined rules and processes, and the leader making all major decisions on their own.
Which one of the following is not the formula for the quantity theory of money? O M x Y = P x V. O V = P x Y/M
O M = 1/v x P x Y. O M x V = P x Y.
The correct response is c. M = 1/v x P x Y. The quantity equation M x V = P x Y states that M represents the amount of money, V represents its velocity, P represents the average price of goods and services, and Y represents the amount of real output of goods and services.
The mean price of a security or asset observed over a predetermined period of time is the average price. The simple arithmetic average of closing prices over a given time period is used to calculate it.After accounting for trade volume, the volume-weighted average price (VWAP) can be determined on an intraday basis. The average buy price is calculated as the weighted average of all the delivery purchases made on a specific stock. Only Quantity in your Portfolio that is open is affected. Transfers of shares from other Demat accounts to the 5Paisa Demat account will be taken into consideration. The Buy Price shall be the Closing Price on the Transfer Date.
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Maurice finds a dream home on the lake. He wants to buy it but is unsure whether he can get a loan. He signs a contract with the seller that he will buy the home provided that he can get a loan. Maurice also includes a contractual clause in the contract with the seller that if he loses his job before the date the purchase contract is signed, the seller will release him from any obligation. After getting a loan and buying the home, Maurice decided that he wanted new windows. He entered into a contract with a window contractor. The window contractor visited the home, but Maurice was always gone. The contractor made several attempts to reach Maurice, but Maurice would not return phone calls and made no attempt to assist the contractor with installation.
The provision that Maurice did not have to buy the house unless he was able to get a loan is referred to as which of the following?
A. A condition subsequent
B. A condition precedent
C. A bona fide condition
D. A condition concurrent
Answer:
B. A condition precedent
Explanation:
A condition precedent refers to an event i.e. needed prior something else would arise. It is an event that must arrise until its non-occurence would be excused prior performing under a contract treated to be due i.e. prior any type of contractual duty would be existed
So according to the given situation, it is a condition precedent
Therefore the option b is correct
other things the same, an increase in the price level makes the dollars people hold worth ____
Learn concepts like "Other things the same," "increase in the price level makes," and other related terms by studying with Quizlet and memorising flashcards.
What is another word increase?
Increase has a number of popular synonyms, including augment, enlarge, and multiply. While all of these verbs indicate "to make or become greater," "increasing" denotes progressive expansion in size, amount, or intensity when used in the passive. When employed in the active, however, it could also suggest simple addition rather than progressive growth. Increase means to grow or increase in size, quantity, or any other way, like in Our revenue will rise as demand rises. /nkris/ B1. to (make something) increase in size or quantity.
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Firms decide how much to invest by comparing the rate of return on their projects with:
Question 1 options:
a) the before-tax rate of return.
b) their total profit.
c) the productivity of the workers assigned to the projects.
d) the interest rate
Firms decide how much to invest by comparing rate of return on their projects with productivity of workers assigned to the projects.
What is productivity?The effectiveness with which goods or services are produced is measured by productivity. The measure of productivity is commonly the ratio of total output to total input used in the production process, or output per unit of input, usually during a defined time period. It is common to find that the method inputs and outputs are integrated to create a ratio-style productivity indicator is the key factor contributing to variation in productivity measurements. How successfully firms and nations create is significantly influenced by productivity. A higher national production can boost living standards by making it easier for people to purchase goods and services, partake in leisure activities, improve their housing and education, and support social and environmental programmes.
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2. Coupons, rebates, contests, free samples, and point-of-purchase displays are all examples of _______.
Businesses like restaurants, hotels, resorts, car rental agencies, shipping firms, health clubs, tax preparation services, and cleaning firms have all become profitable franchisees.
What kind of restaurant falls under the franchise model?Franchises are used to run a number of well-known fast service chains, including McDonald's, Subway, and Tim Hortons. The franchising of full-service eateries like Pizza Hut and Denny's is also an option.
What is a plan for sale promotion?A sales promotion strategy, also known as a discounting strategy, is a type of marketing that involves using incentives, discounts, or other offers to induce customers to do a specific action.
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When a shipper considers the trustworthiness of possible carriers, this would be what kind of criterion?
a. Performance criterion
b. Relational criterion
c. Stability and growth criterion
d. Irrelevant criterion
e. None of the above
This kind of criterion would be used by a shipper while evaluating the reliability of potential carriers.
Those that provide or send products for shipment, package, label, and arrange for transit, or organize the transfer of commodities are referred to as shippers. Supporters of romantic relationships between two actual or imaginary individuals are known as shipping (fans), typically online. shipper a supporter of romantic or sexual relationships between actual people or fictitious characters. The supplier or owner of the goods being sent is known as the shipper, who may be be an individual or business. also known as a consignor. A carrier is a person or business who transports persons or commodities on behalf of another person or business and is liable for any possible loss of the goods while in transit.
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What was the impact of war mobilization on unemployment?
The impact of war mobilization on unemployment was Massive as there was a huge demand for the work force in the military.
What is War Mobilization? War mobilization had a massive impact on unemployment. During the Second World War, unemployment virtually disappeared as the government and military required a massive workforce to produce and supply arms, equipment, and food. The number of employed people rose to around 57 million by the end of the war from the pre-war level of 42 million.War mobilizationwas due to an increase in defense and war-related industries, as well as an increase in the number of women joining the workforce.The end of the war saw a significant drop in employment as the military and defense industries had to reduce their workforce.However, by 1947, the unemployment rate was back to pre-war levels.To learn more about War Mobilization from the given link
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Professors Harry Markowitz and William Sharpe received their Nobel Prize in Economics for their contributions to the Multiple Choice
The Nobel Prize in Economics was awarded to professors Harry Markowitz and William Sharpe for their contributions to the ideas of portfolio-based management and the risk and return on securities.
The main contribution made by Markowitz was the creation of an operational theory for portfolio selection under uncertainty that was systematically articulated. This theory later served as the basis for additional financial economics research. In 1990, Markowitz and William F. Sharpe shared the Economics Nobel Prize. The Modigliani-Miller theorem, which he and his colleague Franco Modigliani contributed and for which he shared the 1985 Nobel Prize in Economics, was ground-breaking work in the area of finance theory.Markowitz, an American finance and economics professor who was born in Chicago, Illinois, in 1927, shared the 1990 Nobel Prize in Economics with Merton H. Miller and William F. Sharpe for their theories on determining the risk and reward of investing in stocks as well as the value of corporate bonds and stocks.
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