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Suppose that we are interested in the effects of police on crime using data from a random sample of US counties. We plan to regresses the county's number of crimes per capital on the per capita size of the country's police force. This regression does not suffer from omitted variables bias this is true/false/uncertain, plz explain it.
Suppose that a monopolistically competitive restaurant is currently serving 240 meals per day (the output where MR = MC). At that output level, ATC per meal is $13 and consumers are willing to pay $17 per meal. What is the size of this firm’s profit ..
Which of the following can occur as a result of advertising in a monopolistically competitive market? Check all that apply.
What do you think are the implications of the level of both consumer and government debt? What are the implications of foreign ownership of US government debt?
Medfin Accounting Company (MAC) specializes in providing accounting and tax services for medical establishment and professionals. Presently, the company's production method is highly labor-intensive because many of the book keeping tasks is done manu..
If the cost of medical care increases by 40 percent, then, other things the same, the CPI is likely to increase by about
Discuss the observation made recently by an undergraduate philosophy major that "the major international institutions are concerned with keeping the rich countries rich, at the expense of the poorer ones."
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? b) Explain what is meant by a built-in stabilizer and give two examples.
Explain the difference between “Short-Run Costs” and “Long-Run Costs.” Please provide an example for a type of business, of your choosing. Please be as specific as possible.
Steve believes that Monica has a 25% chance of be Illustrate what is Steve's expected utility from buying.
The fact that a consumer is not required to buy the goods that a given firm produces, as well as the fact that the consumer might want the goods a firm produces, but may choose to buy from other firms instead.
The aggregate demand and aggregate supply model is a useful simplification of the macro economy used to explain short-run fluctuations in economic activity around its long-run trend. The vertical axis of a diagram of the aggregate demand and aggregat..
Briefly discuss at least three major concerns facing prisons today. What issues have become problematic for prison administration? Speculate as to how these issues might be addressed, and further, what new issues or concerns might arise in the future..
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