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In order to determine the population proportion of Pizza restaurants that offer a salad bar, a random sample of 1250 of these restaurants was selected from across the U.S.If 997 of the sampled restaurants offered a salad bar, construct and explain a 95% confidence interval estimate of the proportion of all Pizza restaurants in the U.S. with a salad bar.
how does the replacement of home production with production through markets affect real GDP. how does it affect the usefulness of comparisons of real GDP per capita at the end of the twentieth century with the same measure at the beginning of the ..
Heuristics are usually identified as rules of thumb that we use when making decisions. We evaluate information we already know, events we have already experienced,
American and Japanese workers can each produce 4 cars a year. An American worker can produce 10 tons of grain a year, whereas a Japanese worker can produce 5 tons of grain a year. To keep things simple, assume that each country has 100 million wor..
You're an advisor to a newly elected President of a developing nation. This nation is under heavy corruption problems. What are some policies that the president can run to help fight this corrpution. The president himself isn't corrupt.
As an international economist you have been tasked to make a short speech which answers the given questions:
Discuss why the cost structure associated with many kinds of information products and services might imply a market supplied through a small number of large companies.
Recently, a top constitutional law expert who had been licensed to practice lawn in Massachusetts and was under consideration for nomination to the California Supreme Court failed the California bar examination. In doing so, she joined a long list..
Describe the meaning of efficient markets. Why might we expect markets to be efficient most of the time?
Suppose you are the Prime Minister of India and your country is experiencing a widespread famine. As a humanitarian response to the crisis, the US Congress enacts the following incentive programs; (1) The US government will impose a temporary lega..
Two horizontally differentiated producers of diesel railroad engines- one located in the United States and the other in Europe - compete in the European market as Bertrand price competitors. The U.S. manufacturer lobbies the U.S. government to giv..
(1) the price of television sets increases by 4% in Japan, (2) the dollar depreciates by 5% with respect to the yen (Japanese currency), (3) consumer incomes in the U.S. increase by 3%, (4) the price elasticity of demand for imported TV sets in th..
Suppose that the world price for steel is below the U.S. domestic price, but the government requires that all steeled in the United States be domestically produced. the government requires that all steeled in the United States be domestically prod..
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