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Davey, Startup, Zara, MacDonald, and Field (2003) were interested in the role of mood on the degree of compulsive checking in which a person engaged. (Compulsive checking is involved in a number of psychopathologies.) Three groups of 10 participants each listened to music designed to induce a positive, negative, or neutral mood. They were then asked to "list as many things around your home that you should check for safety or security reasons before you go away for three weeks." The dependent variable was the number of things listed. How would you analyze these data?
Compute the Jacobian matrix at each equilibrium point and What is the type of these equilibrium points?
What is the difference between ordinal utility and cardinal utility? Explain why the assumption of car- dinal utility is not needed in order to rank consumer choices.
Government decreases current tax, while holding government spending in the present and future constant. (a) How does this effect aggregate output, employment and the real wage What is the multiplier and how does it differ from the government expen..
Describe why a monetary policy is impotent in achieving macroeconomic goals under the fixed exchange rate system. Begin your discussion with the assumption that the economy is at equilibrium in the balance of payments (external balance), however at l..
A firm has a demand curve D(p) = 32-2p in a purely competitive market. The market supply curve is S(p)=2+p. Suppose there are "n" numbers of firms in the industry. Each firm has a cost function of c(y)=y^3+4y+3.
Jay's Silk Printing Co. is located in a small university town. The major portion of their business is custom printed sweatshirts for university bookstores. As a sideline, they also retail sweatshirts locally. The local demand for sweatshirts is: Q..
The majority of the world’s diamonds comes from Country A and Country B. Suppose that the marginal cost of mining a diamond is $1,000 per diamond and that the demand schedule for diamonds is as follows
What is rent seeking How much, potentially, might this monopolist spend on rent seeking activities Assume that they will earn the same profit you calculated in part c forever, and that the interest rate is 5%.
suppose your local congress representative suggests that the federal government should not intervene in the baseball
When an economy enters expansion, the unemployment rate first increases and then decreases. Why does this happen?
What would you be willing to pay, as fair market value, for a clean, safe glass of ice-cold water? Explain. Why do many judge the state of water cleanliness and safety mainly by sight and smell only?
1. Many ethical thinkers have called for a worldwide ban on all forms of human cloning. Do you agree with the this argument Could we realistically allow therapeutic cloning but ban human cloning
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