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Consumption of alcoholic beverages by young women of drinking age has been increasing in the United Kingdom, the United States, and Europe. Data (annual consumption in liters) consistent with the findings reported in The Wall Street Journal article are shown for a sample of 20 European young women. 76 82 199 174 97 170 222 115 131 169 164 96 118 171 0 93 0 93 110 240 Assuming the population is roughly symmetric, construct a 95% confidence interval for the mean annual consumption of alcoholic beverages by European young women.
different end points in their vision about the economy-Smith claims we end, as Heilbroner puts it, in "Vahalla" while Ricardo claims we end a relatively dismal steady state. In your thought paper, explore why they reach these strikingly different ..
Assume a $1,000 par-value bond was issued last year with a promised yearly rate of return (yield) of 6% when market interest rates on comparable securities were also 6%.
China's entry into World Trade Organization is likely to create more competition in local and foreign firms, as well as provide China greater access to the market of exports.
Consider a simple economy with only Robinson Crusoe, coconuts and leisure. He has utility U (c,l) = c^(1/2)*l and a production function C=L^(1/2), where c is the amount of coconuts he consumes, l is the amount of leisure he consumes, and L is the ..
Ellucidate why is it that wages are not dropping instead they are inching upward on a year to year basis.
Assume a tax of t=$2 is attached to each unit exchanged in market. calculate the new market equilibrium and the deadweight loss from this change.
our friend wants to pay off her two debts in a single payment. The first debt is $570 due in 8 months, and the second is $1,380 due 1 1/2 in years. What will that single payment be if she wants to make it at the end of 1 year given a compound inter..
One popular voting scheme is rank order voting, where persons assign a rank (1,2,3) to the possible options; the assigned ranks are then added up and alternative with lowest sum wins.
As the marketplace is in equilibrium, the required returns of the two stocks should be the same.
Has the time come for government to abolish rent controls and minimum wage? What do you think? Do both rent controls & minimum wage laws achieve their intended purposes?
One of the major issues in macroeconomics is disagreement in the debate over policy activism versus policy rules. Illustrate what exactly is that disagreement.
Elucidate the differences in unemployment rates among the United States and Western European countries.
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