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Describe a study you might conduct in which it would be appropriate to compute a Pearson r(i.e., a study with one group of participants with two scores per participant).
Predict if you perceive that the r-value would be 'positive' or 'negative.'
Do you think that the relationship would be relatively 'strong' or 'weak'? Why?
Assume m=200$, px=2$, and py=1$. assume income is constant, Px decrease to $1.50, and Py decreases to $.75. This change in prices is equivalent to changing.
If an industry has no barriers to entry, no product promotion strategy, a standardized product type, and a very large number of firms operating within it, the industry can be said to have.
Suppose it takes New England two hours to produce a bushel of corn and six hours to produce a bushel of wheat. What is New England's opportunity cost of producing a bushels of corn?
Suppose you are the main negotiator between your company and retailers carrying your company's line of dairy products. Your company is attempting to introduce a new brand of Greek yogurt, and it is your responsibility to negotiate agreement between y..
A watch manufacturer finds that at 1,000 units of output, its marginal costs are below average total costs. If it produces an additional watch, will its average total costs rise, fall, or stay the same?
If over two periods, the unemployment rate had reduced from 6.5 per cent to 5.5 per cent and the measured labour underutilisation rate had reduced
Why is technology such an important part of the labor market? Do you think technology makes workers more or less productive and how does it relate to their wages?
Assume the market price of wheat increases by 5 percent causing farmers to increase wheat production by 5 percent. Calculate the price elasticity of supply. Using the formula for price elasticity of demand or supply, answer the following question:
Explain the formation of the modern nation-state in the West. Why did it happen? How? What were the major forces at work? Where did it develop first and what were/are its characteristics?
Assume that foreign inflation is 3 percent and domestic is 2 percent. How much higher/lower than the surrounding world’s nominal rate must the central bank mark their domestic nominal interest rate so that the real exchange rate will be unaffected?
What was Benjamin Graham really saying? Why might you be turned down for a nonpaying internship?
So in terms of economics, what was Karl Marx's contribution? What makes his economics different from the economics we learn today. Was he right or wrong?
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