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What is instrumental variable analysis? What methodological problems does it attempt to solve? What are the criteria for a valid instrument? What are the potential problems or pitfalls with instrumental variables?
If public colleges are nonprofit then why is the cost of tuition constantly going up but college size and scale remains the same? Why are they using more and more graduate students to teach undergrad courses instead of hiring professors? It seems lik..
Meagan deposits $750 from her piggy bank into her checking account at Regions National Bank. The reserve requirement is 10% and the bank has no excess reserves. What is the immediate effect on the M1 measure of the money supply of her deposit? Explai..
a. What is Karl's demand for hamburgers at those prices? b. Calculate the (own-price) elasticity of demand for hamburgers at those prices. Is Karl's demand elastic or inelastic?
If the Japanese central bank maintains the disequilibrium fixed exchange rate of 150 yen per U.S. dollar, what happens to Japan's foreign reserves?
Estimate, with 90% confidence, the mean amount of newspaper garbage or recycling for the American households.
A study sponsored by the American Medical Association suggests that the absolute value of the own price elasticity for surgical procedures is smaller than that tor the own price elasticity for office visits. Explain why this would be expected.
Price discrimination is a pricing strategy whereby a firm's prices for the same or very similar goods vary for customers in different markets. This can help the firm attain more profits compared to charging a single price. For example, a movie theath..
Which of the following fed actions will increase bank lending?
Is free agency increases competitive balance? Why or why not? Explain using Economic concepts.
Suppose a typical consumer’s inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by the equation of . The marginal cost for gathering and bottling the water is $3 per gallon. Find t..
How will this change in the price level affect the demand for money and the equilibrium interest rate?
What salary represents the 15th percentile? You MUST show what went into the calculator and then your final answer.
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