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Identify and discuss at least two economic phenomena for which the linear-in-parameters/linear-in-variables regression model may not be appropriate (besides any mentioned in the text). Select an economic phenomenon and determine which of the models discussed in this chapter would be most appropriate to apply to the phenomena in question. Explain your rationale.
q1. suppose china produces both agricultural and capital goods. draw and show the change in the ppf when an outbreak of
Illustrate what are the equilibrium values of the interest rate, price level, consumption and investment. What are the new short-run equilibrium values of the interest rate, price level, consumption and investment.
When units at MNO International are isolated from one another by strong departmental or divisional lines, it refers to
Use any or all of the handouts on currencies or central bank policy and critique the quantitative easing policy of Europe, Japan, or China. Use the "Tinkering with Currencies..." article as a start. Is the currency of any of those countries the real ..
Praxis Language is a small company in China started by three non-Chinese entrepreneurs. Originally focused on teaching Chinese to native English speakers using podcasting and other online tools, Praxis has also developed content to teach English to n..
What is the short-run market supply curve? Determine the short-run equilibrium price and quantity in this industry.
A technology is invented that makes labor and capital perfect one to one substitutes in the production of Mint Chocolate Chip super High fat Ice-cream.
Suppose that the inverse demand for clothes hangers is given by: P = 3 − Q/16,000. Suppose further that the marginal cost of producing hangers is constant at $1. What is the equilibrium price and quantity of hangers if the market is competitive?
Is it appropriate to think of all of Australia as a single geographic market for the production of natural gas? If so, explain why. If not, what are the relevant geographic markets? Based on your geographic market definition(s) above, would you expec..
The real exchange rate shows
On a graph, consumer surplus is represented by the area...
Suppose market demand and supply are given by Qd=100-2P and Qs=5+3p. If a price floor of $30 is set, what will be size of the resulting surplus?
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