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Why is it important to design potential alternate strategies?
Suppose a researcher is interested in estimating the impact of gasoline taxes (Xi) on per capital gallons of gasoline consumer per year(Yi).Assume tax is measure in cents per gallon. the researcher has data from 51 states for a 10 year period for a t..
Explain how each of the following will affect the AD curve (shift left, or right, or no shift), and identify in each case the specific component(s) of AD that is/are affected: (recall: components of AD are C, I, G, and NX).
If the firm uses 10% annual interest in its economic analysis, where should the manufacturing plant be located?
Let’s say that we estimate the following regression where colli is a dummy equal to 1 if individual i went to college and 0 otherwise and disti is the distance in miles for individual i to the nearest college when i grew up. How do you interpret the ..
Assume a perfectly competitive firm is producing 300 units of output, P = $10, ATC of the 300th unit is $11, marginal cost of the 300th unit = $10, and AVC of the 300th unit = $9. Based on this information, the firm is:
Why are poor countries poor and rich countries rich. Illustrate what are the main ingredients for economic growth.
What types of economic policy would you recommend to reduce the U.S. debt? Why?
Check your client's Web site to find out if it discusses its business plans for now and in the future. This is often found in a public company's annual report. Private companies sometimes list their business activities under the "About Us" or "Newsro..
View "Trade-Offs and Opportunity Costs," located on the YouTube website. Share an example of your own experience in which you had to decide on an opportunity cost that would affect you. What outcome did the decision have on your economic situation?
A researcher is interested in the relationship between leisure time physical activity, diet, extracurricular activities and hours of sleep with cardiovascular
In what kind of economy is a central planning board or commission typically used to answer the basic economic questions?
Suppose Humphrey starts out with four pounds of food and seven gallons of water, while Lauren starts out with eight pounds of food and five gallons of water. Draw an Edgeworth box that shows all possible allocations of these goods, and plot the endow..
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