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Can you explain why two variables with a moderate or strong linear correlation does not prove causation by giving an example of two moderately or strongly correlated variables that do not have a causal link. This example can be purely be qualitative one.
Ralph came to you, his lawyer, for advice and redress. He tells you his story and asks what he can do. You patiently explain to Ralph there are two theories of sexual harassment to pursue. What are they? And what are the elements of each theory..
Suppose the level of autonomous expenditure, which we could call A, rises by AA. What is the effect on the level of equilibrium national income?
Matthew need eggs (E) and premixed ingredients (I) to produce cake. Every cake needs exactly two eggs and one package of ingredients. When he adds three eggs and one package of ingredients, he still produces only one cake.
Illustrate what school of thought would make this suggestion, and how do economists of that school justify that prescription.
Explain why RELATIVE prices of two goods, both produced in each of two countries, will differ prior to any trade taking place ("autarky"). why profit-seeking will cause each country to specialize - wholly or partially - in producing one of the goo..
Assume that initially the price is $50 in a perfectly competitive market. Company are making zero economic profits.
what are the implications for economic growth and development for these nations.
Are CDHPs more geared toward the healthier and younger population Are they effective for patients with chronic illnesses Will they discourage the use preventative care and cause increase healthcare costs in the future
What is your economic cost of buying a ticket? What is your economic cost of attending the game (once you already bought the ticket)?
Suppose last year's real GDP was $10,000 billion, this year's nominal GDP is $13,800 billion, and GDP-deflator for this year is 110. Determine the growth rate of real GDP?
Industry structure is often measured by computing the Four-Firm Concentration Ratio. Assume you have an industry with 20 firms and the CR is 30 percent. How would I describe this industry?
Assuming no population growth or technological progress, find the steady state capital stock per worker, output per worker, consumption per worker and investment per worker given that the rate of saving is 20% and depreciation rate is 10%.
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