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A study on highway safety studied the driving habits of individuals. A sample of 74 cars travelling on the highway revealed an average speed of 102 kph with a standard deviation of 12.3 kph. Determine the critical value of the test statistic needed for a 95% confidence interval for the mean speed of all cars, if it is known that speed is normally distributed. Give the positive answer of the test statistic (z or t) exactly as found from tables (3 decimal places).
All stratified societies have groups of individuals that do not produce, but still receive a ‘cut' of the social surplus. How does Diamond (in his book) argue that these ‘privileged' individuals manage to convince productive members of society to ..
investigate the role of ? the lagrange multiplier in constrained optimization problems. corn is a fertilizer-intensive
The effects of this fiscal contraction on real interest rate, desired saving, desired investment, and the net export balance.
problem 1. according to marx capitalism was doomed. describe why. why does capitalism still exist?problem 2. how and
Taxes greatly influence U.S. economy. Because of this influence, it is good to know the effects they have in the economy and on a personal level. Complete the following to gain a better idea of the various types of taxes, their influences, and how th..
5. (Changes in Aggregate Supply) List three factors that can change the economy's potential output. What is the impact of shifts of the aggregate demand curve on potential output? Illustrate your answer with a diagram.
Assume that potential rural-urban migrant would work for two periods ( of some length) in either the rural or the urban area.
The price level of a basket of goods in 2002 was $64.00. The price level of that same basket in 2003 was $68.00. If 2002 is the base year, what was the price index in 2003?
Suppose the externality/public good aspects of weather forecasts and argue for or against such a "privatization" of weather forecasting.
The MPI is defined as increase, decrease or not affect the value of the government expenditures multiplier? Explain!
consider the case of two countries that start with equal levels of gdp. the growth rate of the first country is 3 while
felicity is studying economics and political science. she can read 30 pages of political science per hour but only 5
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