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Create a small data set of about seven scores and demonstrate that adding or subtracting a constant to each score does not change the standard deviation. What happens to the mean when a constant is added or subtracted?
Analyze five reasons why demand for this product could shift and analyze five reasons why supply could shift.
Who has the absolute advantage at cloth production? Explain - who has the absolute advantage at bread production? Explain. dl Whom has the comnarative advantage at cloth production? Explain.
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Political Economy GV307 : Consider the model of “no theft” where the consumer pays the official government price plus a bribe in order to obtain X. Assume that the official marginal revenue for selling the good in this context is given.
An insurance marker consists of high-risk patients, who average $40,000 in spending per year, and low-risk patients, who average $1,000 per year. Overall, low-risk patients represent 90 percent of the population. What would average spending be for a ..
In this scenario the fixed loan was made prior to the unexpected inflation sodebtors will gain at the expense of creditors. Creditors, on the one hand, will lose because inflation will erode the amount of money they planned to earn on the loans. S..
Suppose there are two countries that are identical with the following exception. The saving rate in country A is less than the saving rate in country b. Given this information, we know that in the long run
This conclusion was based on data from a survey acknowledged to be unscienti?c, in which 34 out of the 43 people who chose to attend the budget workshop recommended raising the sales tax. Brie?y discuss why the survey was described as "unscienti?c..
If a representative company with long run total cost given through TC = 50 + 2q + 2q2 operates in a competitive industry where the market demand is given through QD = 1,500 - 40P,
Describing how currency exchange rates are determined in markets.
What is the price per unit of labor?
Describe, using diagrams where appropriate, the market for rental accommodation before and after the introduction of rent controls.
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