According to Forbes magazine, in 2015 Bill Gates was the world's richest person, with wealth of $79.2

Question:

According to Forbes magazine, in 2015 Bill Gates was the world's richest person, with wealth of $79.2 billion. Does Bill Gates face scarcity? Does everyone? Are there any exceptions?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

See More Books

Question Posted: Nov 01, 2017 06:41 AM

See More Questions

According to Forbes magazine, in 2017, Bill Gates was the worlds richest person, with wealth of $86 billion. Does Bill Gates face scarcity? Does everyone? Are there any exceptions?
Forbes magazine lists the worlds largest corporations by several categories including sales and profitability (profits according to the financial statements). When ranked by 2004 sales, six U.S....
In 2012, Forbes magazine listed Bill Gates, the founder of Microsoft, as the richest person in the United States. His personal wealth was estimated to be $66 billion. Given that there were about 309...
In 2006, Walmart was operating more than 6,500 stores with 1.8 million employees around the world. In the early 1990s, Walmart Stores Inc. expanded into Canada, with the purchase of 122 stores from...
Data for Fairchild Company are presented in E23-11. Prepare a statement of cash flows using the direct method. (Do not prepare a reconciliation schedule.)
A stone is thrown into the air at an angle above the horizontal and feels negligible air resistance. Which graph in Fig. Q3.16 best depicts the stones speed v as a function of time t while it is in...
Table B. 14 contains data on the transient points of an electronic inverter. Using only the regressors $x_{1}, \ldots, x_{4}$, fit a multiple regression model to these data. a. Investigate the...
Business Week recently ran an article on companies debt policies, and the names Modigliani and Miller (MM) were mentioned several times as leading researchers on the theory of capital structure....
Each question below is 1 point each, for a total of 3 extra credit points. There is no time limit on this. 1. What are free cash flows? 2. Explain the difference between a company's operating cash...
Marika has already accumulated $18,000 in her RRSP. If she contributes $2000 at the end of every six months for the next 10 years, and $300 per month for the subsequent five years, what amount will...
What is the difference between efficiency and equity? Why do government policymakers often face a trade-off between efficiency and equity?
Late in the semester, a friend tells you, "I was going to drop my psychology course so I could concentrate on my other courses, but I had already put so much time into the course that I decided not...
(a) Use the Maxwell relations to express the derivatives (S/V) T , (V/S) p , (p/S) V , and (V/S) p in terms of the heat capacities, the expansion coefficient =(1/V)(V/T) p , and the isothermal...
There are two events $A$ and $B . P(A)=7$ and $P(B)=8 . P\left(\begin{array}{ll}A & B\end{array} ight)=1$. (a) Are $A$ and $B$ independent events? Explain why or why not. (b) Find...
Let $Y$ be normally distributed with mean $=120$ and variance ${ }^{2}=64$. (a) Find $P\left(\begin{array}{ll}Y & 130\end{array} ight)$. (b) Find \(P\left(\begin{array}{ll}Y & 135\end{array}...
There are two events $A$ and $B . P(A)=4$ and $P(B)=4 . P\left(\begin{array}{ll}A & B\end{array} ight)=$ 24 . (a) Are $A$ and $B$ independent events? Explain why or why not. (b) Find...
Derive an expression for the law of corresponding states for a gas represented by the following expression: \[p=\frac{\Re T}{v-b}-\frac{a}{T v^{2}}\] \[\left[p_{\mathrm{R}}=\frac{8 T_{\mathrm{R}}}{3...
Let $Z$ have the standard normal distribution. (a) Find $P\left(\begin{array}{lll}0 & Z & 152\end{array} ight)$. (b) Find $P\left(\begin{array}{ll}Z & 211\end{array} ight)$. (c) Find...
The ledger balances of Outback Grande Ltd as at 30 June 2019 are shown below. The following adjustments are yet to be taken into the accounts: 1. Inventory on hand at 30 June 2019 valued at $94 250....
Subprime loans have higher loss rates than many other types of loans. Explain why lenders offer subprime loans. Describe the characteristics of the typical borrower in a subprime consumer loan.
One of the trade-offs Tesla faces is between safety and the maximum range someone can drive an all-electric car before having to recharge it. For example, adding steel to a car makes it safer but...
One of the trade-offs Tesla faces is between safety and the maximum range someone can drive an all-electric car before having to recharge it. For example, adding steel to a car makes it safer but...
An economist remarks that "the cost of consuming a book is the combination of the retail price and the opportunity cost of the time spent reading." Isn't the cost of consuming a book just the price...
The market price of a semi-annual pay bond is $957.95. It has 15.00 years to maturity and a coupon rate of 7.00%. Par value is $1,000. What is the yield to maturity? The market price of a semi-annual...
Compute the accumulated sum of the following payments: (a) $400 every six months for 4 years at 8% compounded semi-annually (b) $250 per month for 5 years at 7.5% compounded monthly.
Click "Run program". The output is wrong. Sometimes a program lacking input will produce wrong output (as in this case), or no output. Remember to always pre-enter needed input. Type 2 in the input...

According to Forbes magazine, in 2015 Bill Gates was the world's richest person, with wealth of $79.2

Question:

Step by Step Answer:

Yes even Bill Gates faces scarcity because his wants exceed hi...View the full answer

Economics

Students also viewed these Micro Economics questions