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Using a 'counting' loop approach to simulate a entomologist collecting insects. The program should keep a running total of the insects collected for a five day period by asking for the number is insects collected each day.
When the loop is completed the total insects collected should be displayed.
Consider the following price indexes: 90 in 2008, 100 in 2009, 110 in 2010, 121 in 2011, and 150 in 2012. (show all work) What is the base year? How do you know this? What is the inflation rate between 2009 to 2010?
The recent merger of US Air with American Airlines received both national and local attention. The U.S. Department of Justice contested the merger on the basis that it would produce harmful monopoly-like behavior in many airline markets. Develop an a..
After bad experiences with a flexible exchange rate, the small open economy of Rivendell decides to fix it exchange rate. Suppose the economy of Rivendell has reached the long run equilibrium. Is trade policy more effective under a flexible exchange ..
assume an urban clusters income i is given by the function i4n-0.05n2 where n denotes the clusters population in
In 2011 the "Occupy movement" spread from New York to a number of cities across North America to protest the uneven income distribution. In Vancouver one of the key issues was the high cost of owning or renting a home (Vancouver has some of the highe..
There are two general forms often used in time series decomposition analysis: additive model and multiplicative form. Give the expressions for them. When would you use additive model or multiplicative model in time series decomposition? Discuss.
Formulate an empirical economics question that you or a potential employer is interested in answering. What is your economic model; what is the basis for your economic model? What is your econometric model, including a discussion of functional form. ..
Assume you are a manager in a multinational company that needs to send a team of three to five people to Saudi Arabia for about two weeks to investigate the feasibility of selling your products there. What advice would you give them to help assure th..
Consider a monopolist whose total cost function is TC = 20 + 10Q + 0.3Q2 and whose marginal cost function is MC = 10 + 0.6Q. The demand function for the firms good is P = 160 - 0.5Q. The firm optimizes by producing the level of output that maximizes ..
Briefly explain the disparities we observed in level of economic development in the world today. According to easterlin, why is substantial formal education system necessary for sustain economic growth? what are some of the characteristics of that ed..
Use the GG-LL diagram to show how an increase in the size and frequency of unexpected shifts in a country's money demand function affects the level of economic integration with a currency area at which the country will wish to join.
Why does the Federal Open Market Committee use operating and intermediate targets rather than focusing only on the ultimate goals? What is the most important consideration in determining the best monetary aggregate for the Fed’s intermediate targets?
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